Lines 15 to 18 - 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 2018 (and did not claim them on your 2017 return) or in the first 60 days of 2019.
You can claim up to $60,000 in 2018. Your Certificate SBVC 10 shows the date you bought your shares under " Investment date."
If you purchased VCC or EBC shares in 2018, enter, on line 15 of Form BC479, the "tax credit amount" shown on Certificate SBVC 10.
If you purchased VCC or EBC shares in the first 60 days of 2019, you can elect to claim the tax credit on your 2018 return or you can claim it on your 2019 return. If you are electing to claim the credit in 2018, enter on line 16 of Form BC479, the "tax credit amount" shown on Certificate SBVC 10 for those shares.
For questions about the venture capital tax credit, contact the venture capital corporation or eligible business corporation that issued your shares, your stockbroker, or your investment advisor.
Supporting documents
If you are filing electronically, keep all your documents in case we ask to see them later.
If you are filing a paper return, attach your Certificate(s) SBVC 10.
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