Corporate Income Tax Venture Capital Credit for Corporations

Corporations may claim a tax credit in a taxation year equal to the lesser of:

the amount of the tax credit certificate issued by the Ministry of Economic Development; and,
provincial income tax otherwise payable.

The VCC tax credit may only be applied to provincial income taxes payable. If you cannot apply all of your tax credit amount to provincial taxes payable in the year, the excess may be carried forward up to four years.

For more information on the Venture Capital Tax Credit Program, see Ministry of Economic Development.

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