Venture Capital Corporation (“VCC”)

Approval to Raise Additional Equity Capital

The Venture Capital Programs legislated under the Small Business Venture Capital Act (the “Act”) operate under limited tax credit budgets.  These budgets restrict the total amount of equity capital that registered VCCs are allowed to raise in each calendar year.

To receive authorization an allocation of a portion of the total equity capital that VCCs may raise in a calendar year, each VCC must complete and file an Additional Equity Application.

Notice to Investors:

The Act limits the dollar value of tax credits that may be issued in a calendar year.  There are no guarantees that any applicant will be approved to raise additional equity capital under the Act. 

Equity authorizations may be suspended at any time with limited notice.  Investors should be made aware that once the tax credit limit for a specific program budget has been reached an investment in the VCC will not qualify for tax credits. Click here for the current status of equity capital raised to date.

Useful Links

  British Columbia Securities Commission (BCSC)

Independent provincial government agency responsible for regulating securities trading in B.C.

  InvestRight

BCSC’s investor education program, providing information and tools to help B.C. investors avoid investment scams and make investment decisions that are appropriate for their individual needs.

  Private and Early Stage Businesses: What you need to know to raise money