Please complete the forms below and submit electronically to your Portfolio Manager.
Please complete the Registration Application (PDF, 680 KB) ensuring you electronically include all required attachments.
The Small Business Venture Capital Act limits the dollar value of tax credits that can be issued in a calendar year. There are no guarantees that any applicant will be registered under the Act.
Please complete the Additional Equity Application Form (PDF, 203 KB) to receive an equity authorization to raise capital eligible for tax credits.
The EBC must have a valid additional equity authorization in each tax budget year it plans to raise equity.
Please ensure that all EBC investors complete and sign a Share Purchase Report (PDF, 47 KB) at the time they purchase the shares or a convertible right, and retain the reports on file for seven years for audit purposes.
EBCs must file an Annual Return (PDF, 70 KB) with the Venture Capital Tax Credit Program within six months of its fiscal year end.
Failure to do so will constitute non-compliance and will affect the issuance of tax credit certificates and requests to raise additional equity capital under the program.
EBCs are required to notify the administrator within 30 days of any transaction or event that may impact on the EBC’s ability to comply with its obligations under the the Small Business Venture Capital Act or Small Business Venture Capital Regulation.
Events and/or transactions requiring notification are listed in section 14 of the Regulation, and include:
- A change in status regarding the EBC’s eligibility criteria
- Ceasing to maintain a place of business in B.C.
- A failure to comply with section 28.5 control prohibitions
- A failure to comply with section 28.93 use of funds prohibitions
- A redemption or transfer of an eligible investor’s shares or convertible right within five years of issuance
The Venture Capital Tax Credit Program (VCP) maintains a register of EBCs that are actively raising investment. The register is made available to VCCs and other investors who are seeking investment opportunities and want to know which companies are actively raising investment. EBCs must complete and sign a EBC Register Consent (PDF, 42 KB) form to be added to the register.