Employee share ownership plan (ESOP) and employee venture capital corporation (EVCC) tax credits
Publication date: March 1, 2021You may claim a combined employee share ownership plan (ESOP) and employee venture capital corporation (EVCC) tax credit 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
- $2,000.
Read more about employee share ownership programs and venture capital programs.
Claiming the credit
You claim the credits when you file your T1 Income Tax Return. Enter the amount of the credits you are claiming on the British Columbia Tax form BC428.
The credits are non-refundable. There are no carry-forward or carry-back provisions.
Legislation
The following legislation applies to the ESOP and EVCC tax credits.
- Income Tax Act (B.C.) Section 13.1
- Employee Investment Act Parts 1 and 2
- Employee Investment Regulation
Investment capital
Contact the Investment Capital Branch with your investment related questions.
Phone:
1-800-665-6597
(Toll free in Canada)
Email:
cp@tbc.gov.bc.ca