Small Business Venture Capital Tax Credit
Tax creditBritish Columbia
A provincial tax credit for corporations that invest in shares of registered venture capital corporations or eligible business corporations. The credit encourages equity capital investments in British Columbia small businesses to provide early-stage venture capital funding. Corporations claim the credit against provincial income tax payable, with unused amounts carried forward up to four years.
What you'll need
- Tax credit certificate issued by the venture capital corporation or eligible business corporation administrator
- T2 Corporation Income Tax Return
- Schedule 5 (Tax Calculation Supplementary – Corporations)