Forms

EBCs are encouraged to submit the Registration Application and required attachments online via the electronic Tax Credit Application (eTCA) system. Alternately, a completed Registration Application (PDF, 680 KB) form and required attachments may be submitted electronically to the Venture Capital Tax Credit Program at InvestmentCapital@gov.bc.ca.

The Small Business Venture Capital Act limits the dollar value of tax credits that can be issued in a calendar year. There are no guarantees that any applicant will be registered under the Act.

EBCs are encouraged to submit requests to receive an equity authorization to raise capital eligible for tax credits online via the electronic Tax Credit Application (eTCA) system. Alternately, a completed Additional Equity Application Form (PDF, 203 KB) may be submitted electronically to their Portfolio Manager or to the Venture Capital Tax Credit Program at InvestmentCapital@gov.bc.ca.

The EBC must have a valid additional equity authorization in each tax budget year it plans to raise equity.

Please ensure that all EBC investors complete and sign a Share Purchase Report (PDF, 47 KB) at the time they purchase the shares or a convertible right, and retain the reports on file for seven years for audit purposes.

Each year EBCs must submit an Annual Return together with a completed Annual Return Form (PDF, 70 KB), copies of its financial statements, updated central securities register (CSR), and a copy of its latest annual report filed with the registrar of companies.

EBCs must file the Annual Return with the Venture Capital Tax Credit Program within six months of its fiscal year end.

EBCs are encouraged to submit the Annual Return package online via the electronic Tax Credit Application (eTCA) system. Alternately, the Annual Return package, including a completed Annual Return (PDF, 70 KB) form, may be submitted electronically to your Portfolio Manager or to the Venture Capital Tax Credit Program at InvestmentCapital@gov.bc.ca.

Failure to file an Annual Return within six months of its fiscal year end will constitute non-compliance and will affect the issuance of tax credit certificates and requests to raise additional equity capital.

EBCs are required to notify the administrator within 30 days of any transaction or event that may impact on the EBC’s ability to comply with its obligations under the the Small Business Venture Capital Act or Small Business Venture Capital Regulation.

Events and/or transactions requiring notification are listed in section 14 of the Regulation, and include:

The Venture Capital Tax Credit Program (VCP) maintains a register of EBCs that are actively raising investment. The register is made available to VCCs and other investors who are seeking investment opportunities and want to know which companies are actively raising investment. EBCs must complete and sign a EBC Register Consent (PDF, 42 KB) form to be added to the register. The form may be submitted electronically to your Portfolio Manager or to the Venture Capital Tax Credit Program at InvestmentCapital@gov.bc.ca.