B.C.’s Venture Capital Tax Credit program helps small businesses raise capital by providing investors with a 30% tax credit on the value of their investment. Businesses registered in the program focus on a range of activities, including: manufacturing and processing; research and development of proprietary technology; destination tourism; interactive digital media; clean technology, and advanced commercialization. The way the program works:
- Businesses must meet qualifying criteria and be registered with the Ministry of Jobs, Economic Development and Competitiveness.
- Once registered, businesses can sell shares to B.C. resident investors – usually accredited investors or friends, family and business associates - who are then eligible to receive a 30% tax credit on their investment.
In 2019 the program helped over 230 B.C. businesses raise over $115 million in investment, and the Province issued $34.5 million in tax credits to investors.