Budget Descriptions

Last updated on November 21, 2023

Recognizing the risk involved in making equity investments, the Government of B.C. provides a 30% tax credit to those who invest under the program. The venture capital programs' $41 million budget enables equity investment up to $136.67 million annually.

Eligible business corporations (EBCs) and venture capital corporations (VCCs) need to apply for an equity authorization each year they want to raise equity capital for which eligible investors can receive a tax credit. Application forms are available under the EBC Forms and VCC Forms sections.

The venture capital programs grants equity authorizations to VCCs and EBCs from one of the following budgets: