Small business venture capital tax credit
The small business venture capital tax credit is for corporations that invest in shares of a registered venture capital corporation or eligible business corporation.
The small business venture capital tax credit encourages investors to make equity capital investments in B.C. small businesses, in order to give small businesses access to early-stage venture capital to help them develop and grow.
Corporations may claim a tax credit in a tax year equal to the lesser of:
- The amount of the tax credit certificate issued by the administrator of the venture capital corporation or eligible business corporation programs, or
- Provincial income tax otherwise payable
Budget 2019 enhanced the venture capital tax credit program under the Small Business Venture Capital Act.
The small business venture capital tax credit may be applied only to provincial income taxes payable. If you cannot apply your entire tax credit amount to B.C. taxes payable in the year, the excess may be carried forward up to four years.
- Read more about the venture capital tax credit program as well as other investment capital programs.