Venture Capital Tax Credit

You may claim a venture capital tax credit (VCC) for a tax year equal to the lesser of:

  • the amount of the tax credit certificate issued during the tax year or within the first 60 days of the following year, or
  • $60,000

Read more about the venture capital tax credit program as well as other investment capital programs.

Claiming the Credit 

You claim the credit when you file your T1 Income Tax Return. Enter the amount of the credit you are claiming on line 15 or line 16 (depending on when the purchase was made) of the British Columbia Credits form (BC479).

The VCC tax credit for individuals is fully refundable, but must first be applied against total income tax payable. The tax credit is not refundable for corporations.

If your tax credit certificate is greater than $60,000, the excess may be carried forward for up to four years

Legislation

The following legislation applies to the venture capital tax credit: