About 

The small business venture capital tax credit is for corporations that invest in shares of a registered venture capital corporation or eligible business corporation. The small business venture capital tax credit encourages investors to make equity capital investments in B.C. small businesses, in order to give small businesses access to early-stage venture capital to help them develop and grow. Effective for the 2022 to 2024 calendar years, Budget 2022 proposes to increase the annual maximum venture capital tax credit from $38.5 million to $41 million. Budget 2022 also proposes to allocate this $2.5 million increase to investments made in clean technology businesses. 

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

The amount of the tax credit certificate issued by the administrator of the venture capital corporation or eligible business corporation programs, or 
Provincial income tax otherwise payable