There are many challenges to owning a small
business. Among them, access to capital. The ability to raise
capital can determine the success of getting a good idea 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 job opportunities.
The Ministry of Economic Development offers
three
key programs to help small business gain access to capital.
These programs offer tax credits to investors so that small
businesses may 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 percent refundable tax credit.
Our
Employee
Share Ownership
Program promotes investment by
employees in their company by providing them with a 20 percent
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
percent provincial income tax credit on their investment.
Our
Labour-Sponsored
Funds Program
assists in the creation of investment funds which 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 and see where you fit in as
either an investor, small business owner, or as an employee. The
right funding at the right time can make all the difference in
achieving success in todays economy.
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