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Home
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Employment, business and economic development
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Investment Capital
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Employee Share Ownership Program
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Plan Registration
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Implementation Process
More topics
Plan Registration
Eligibility Criteria
Implementation Process
Registration Requirements
Share Valuation Method
Forms and Sample Plans
Implementation Process
Last updated on February 4, 2022
Step 1: Investigation
Determine employee interest
Contact the Venture Capital Tax Credit Program
Review the
Forms and Sample Plans
Consult your professional advisors
Step 2: Implementation
Work with Venture Capital Tax Credit Program staff to register your ESOP plan and guide you through the process
Review the ESOP Plan with your professional advisors
Step 3: Share Offering
Prepare the
Share Offering Document (PDF, 193 KB)
to offer shares to employees
Receive the purchase funds (cash and/or payroll deductions) and issue shares when payments are complete
Distribute investment confirmations to the employee investors
Place shares with custodian (3-year hold period)
Complete and deliver the
Tax Credit Application (PDF, 65 KB)
,
Control Sheet (XLS, 34 KB)
, and original share certificates to the Investment Capital Branch
Step 4: Annual Reporting
Prepare and deliver financial statements to the employee shareholders
Complete the
Annual Return (PDF, 141 KB)
and forward to the Venture Capital Tax Credit Program
Hold an annual shareholder meeting and distribute a report to shareholders
Program Guidelines
Read the
Employee Share Ownership Program Guidelines (PDF, 433 KB)
Quick Links
Employee Investment Act
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Employee Investment Regulation
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Frequently Asked Questions
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Contact information
Office
250-952-0136
Toll Free
1-800-665-6597
InvestmentCapital@gov.bc.ca