British Columbia venture capital tax credit
British Columbia venture capital tax credit
You can claim this refundable tax credit if you acquired shares from a venture capital corporation (VCC) or an eligible business corporation (EBC) registered in British Columbia at any time in 2024 (that you did not claim on your 2023 return) or in the first 60 days of 2025.
The maximum credit you can claim in 2024 is $120,000.
Your Certificate SBVC 10 shows the date you acquired your shares under "Investment date."
How to claim this credit
Enter, on line 17 of your Form BC479, your unused venture capital tax credits for VCC or EBC shares acquired in 2023 or previous years.
Enter, on line 18 of your Form BC479, the "tax credit amount" and, on line 19, the "certificate number" shown on your Certificate SBVC 10 for VCC or EBC shares acquired in 2024 that you did not elect to claim on your 2023 return.
If you acquired VCC or EBC shares in the first 60 days of 2025, you can elect to claim the tax credit on your 2024 return or 2025 return. If you are electing to claim the credit in 2024, enter, on line 20 of your Form BC479, the "tax credit amount" and, on line 21, the "certificate number" shown on your Certificate SBVC 10 for those shares.
For questions about the venture capital tax credit, contact your stockbroker, investment advisor, the VCC or EBC that issued your share.
Supporting documents
If you are filing a paper return, attach your Certificate(s) SBVC 10.
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