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Ministry of Technology, Trade and Economic Development

Venture Capital Programs

TAX CREDIT BUDGET UPDATES

All equity authorizations may be suspended at any time with limited notice.  Investors should be made aware that once the tax credit limit has been reached an investment in the VCC or EBC will not qualify for tax credits.  

The 2007 tax credit budget is limited by section 29.1 of the Small Business Venture Capital Act and section 21 of the Regulations. Due to high program demand, VCCs and EBCs are encouraged to advise investors interested in receiving a tax credit to complete a Share Purchase Report (DOC) as soon as possible for submission by the VCC or EBC. Tax credit certificates will not be issued on investments made once the tax credit limit has been reached.

Program registrants must report to the branch, on or before March 1st, June 1st, September 1st (and other dates that may subsequently be determined), the amount of equity capital it has raised under this authorization. 

Allocations are not guaranteed.  Only Share Purchase Reports received by the branch will be recorded against the available tax credit budget.

  Share Purchase Report (PDF) (MSWord)

 

Single-year Allocations

Share Purchase Reports Received as of September 17, 2007.

 

NOTE: 
All equity authorizations under the Equity Capital Budget and Community Budget are rescinded effective June 26, 2007.

All equity authorizations under the New Media Budget are rescinded effective September 17, 2007.

Multi-year Allocations

Four VCC funds that are raising capital by prospectus or offering memorandum from several retail investors. These funds have received program capital allocations that expire each year on February 15 and are renewed for the next three years under specific terms and conditions. Currently there is no tax credit budget capacity to register another VCC under this category. Visit their website for more details:

Disclaimer

The Province of British Columbia does not in any way guarantee nor express an opinion as to the value of any shares issued by the VCC/EBC, the financial condition of the VCC/EBC or the merits of any investment or business proposal.