Please complete the forms below and submit electronically to your Portfolio Manager.
Please complete the Registration Application (PDF, 746 KB) ensuring you electronically include all required attachments.
The 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 (PDF, 617 KB) to receive an equity authorization to raise capital eligible for tax credits.
The VCC must have a valid additional equity authorization in each tax budget year it plans to raise equity.
All share certificates of a VCC must conspicuously state the following on their face:
"The value of these shares may be significantly affected by the repayment provisions of Section 22 of the Small Business Venture Capital Act."
VCCs should ensure all requirements are met before making an investment in a business. A VCC should keep appropriate documentation on file to support its investment.
If the administrator determines that the investment in a business is ineligible or has become prohibited, the VCC must dispose of the investment. The divestment may result in the VCC violating its investment pacing requirements.
VCCs are required to deposit 30% of all amounts it receives from the sale of its treasury shares into a special account called an investment protection account (IPA). Funds may be released from this account only with the administrator’s written authorization.
In order to apply for a release of funds from the IPA, a VCC must have made an eligible investment, or an eligible investment is imminent.
The VCC may apply for the release of funds, equal to the lessor of,
- 37.5% of the purchase price paid or to be paid
- the total amount in the IPA
by completing an IPA Release Application and Investment Report (PDF, 917 KB).
VCCs must file an Annual Return (PDF, 636 KB) with the Investment Capital Branch 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.