British Columbia Venture Capital Tax Credit
If you purchased shares from a venture capital corporation (VCC) or eligible business corporation (EBC), that’s registered in British Columbia, in 2024 or within the first 60 days of 2025, you might be able to claim the British Columbia venture capital tax credit.
You can claim a refundable credit of 30% on the investment you made during the year (up to a maximum of $120,000 per year). For investments made before February 20, 2019, the maximum credit claimable was $60,000.
You’ll receive a Certificate SBVC 10 which shows the number of shares you bought and the credit amount you’re allowed to claim on your return. If the amount on your certificate is more than $120,000, you can carry forward the unused amount for up to 4 years. Refer to your notice of assessment (NOA) or reassessment to see if you have any unused amounts.
For investments made within the first 60 days of 2025, you can choose to either claim the credit on your 2024 tax return or wait and claim it on your 2025 return.
Note: Even though you aren’t required to submit your Certificate SBVC 10 to the Canada Revenue Agency (CRA) when you file your return, you should keep it with your records in case they ask to see it later.
Where do I claim this?
Follow these steps in H&R Block’s 2024 tax software:
Before you begin, make sure you tell us that you lived in British Columbia on December 31, 2024.
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On the left navigation menu, under the Credits & deductions tab, click Tax Topics.
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Select the Investment income & expenses checkbox.
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At the bottom of the page, click Add selected topics to my return.
- Under the INVESTMENT INCOME heading, select the checkbox labeled British Columbia venture capital tax credit then click Continue.
- When you arrive at the page for the British Columbia venture capital credit, enter your information into the tax software.
