Event Details
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 have 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.
Join a webinar that explains how the Venture Capital Tax Credit program works. You’ll learn about eligibility requirements and how businesses can register, and you’ll hear from Vancouver Island-based Cascadia Seaweed Corp – that has successfully raised over $400,000 under the program, and is planning another round of financing to help expand its operations.
In 2019 the program helped over 200 B.C. businesses raise over $108 million in investment, and the Province issued $32 million in tax credits to investors.
