Tax credit for business transfer ownership to employees in BC
Government of British Columbia, Employment, Business & Economic Development - Employee Share Ownership Plan
Type of Funding
Loan
Max Funding
N/A
Region
Provincial
Application Difficuty
Complex
Processing Time
Slow (A few months)
Province
British Columbia
Industry
N/A
Funding Goals
Start or acquire a new business.
Demographic
N/A
Incorporated
Yes
Contact
InvestmentCapital@gov.bc.ca
(250) 952-0136
Apply For A Loan
Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +
Funds in 24 hours
$10,000 to $800,000
Details
20% tax credit for employees making investments in their employers’ businesses. business owners can use an employee share ownership plan to transfer ownership of their company to employees by selling shares directly to their employees.
Eligibility
N/A
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