Tax Credit Budget Utilization
Last updated on November 20, 2024Investments Reported via eTCA
January 1, 2024 to December 31, 2024
| Tax Credit Budget | Maximum Investment ($Millions) |
Budget Utilization (%) |
| Business Creation | $10.00 | 50% |
| Cleantech | $33.33 | 6% |
| Community Diversification | $10.00 | 92% |
| Equity Capital | $66.67 | 53% |
| New Media | $16.67 | 31% |
Updated | November 20, 2024
Equity Authorizations
- EBCs and VCCs can only raise tax credit supported investment up to the authorized amount, between the dates stated in their Equity Authorization approval letter.
Tax Credits
- EBCs and VCCs should claim tax credits on behalf of investors through the eTCA system soon after investment has been raised, and investors have completed Share Purchase Reports.