Administered by Government of British Columbia · Last verified: July 2026
This program gives B.C. investors a 30% tax credit for buying shares in a registered venture capital corporation or an eligible business corporation. A corporation that invests can claim the credit against its B.C. income tax payable, and unused amounts carry forward up to four years. It is designed to bring early-stage equity into small B.C. companies.
You claim this on your tax return, so the money comes back as a lower tax bill or a refund after you file. If you missed it in a past year, you can often still recover it by adjusting a prior return.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityBC Small Business Venture Capital Tax Credit is generally open to incorporated businesses, in British Columbia. Confirm the full criteria on the official program page before applying.
The estimated value is 30% of the investment, up to a $300,000 credit per investor per year. The actual amount depends on your eligible costs, the program's budget, and approval.
Claimed on a return, so a missed year can usually be recovered by amending. How far back depends on whether you file personally or as a corporation; confirm the eligible years with your accountant.
1. Invest in a registered venture capital corporation or eligible business corporation 2. Obtain a tax credit certificate from the program administrator 3. Claim the amount on line 656 of Schedule 5 with your T2 return