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

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

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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