There are many challenges to owning a small business - among them, raising capital. The ability to raise capital can determine whether or not a good idea gets off the ground. It can also determine the ability to attract and retain good employees, to expand and to compete in the global marketplace.
This government recognizes the primary role of small business in diversifying the economy and in creating new jobs. The Ministry of Jobs, Tourism and Innovation offers three key programs to help small business gain access to capital. These programs offer tax credits to investors so small businesses can continue to lead the economic future of British Columbia.
Our provincial Venture Capital Programs encourage investments in British Columbia businesses by providing British Columbia investors with a 30 per cent refundable tax credit.
Our Employee Share Ownership Program promotes investment by employees in their company by providing them with a 20 per cent provincial income tax credit. Retiring business owners can use an employee share ownership plan to transfer ownership of their company to employees by selling shares directly to their employees, who receive a 20 per cent provincial income tax credit on their investment.
Our Labour Sponsored Funds Program helps create investment funds that are able to invest in small and medium-sized businesses with high growth potential that need equity financing to achieve success.
Have a closer look at our programs brochure and see where you fit in - as an investor, a small business owner, or an employee. The right funding at the right time can make all the difference in achieving success in today’s economy.
Investment Capital Programs Brochure.pdf
For more information on our programs please call 1-800-665-6597 or email ecp@tbc.gov.bc.ca
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