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BC Residents & Companies - Claim a 30% Provincial Tax Credit Through an Investment in BC Companies that Qualify

May 9, 2025 [Vancouver, BC] – The Government of British Columbia encourages the development of a diverse and resilient economy by supporting the growth of innovative new businesses and the creation of jobs. To promote private investment in early-stage com...

Raiiz Innovations Inc. is Now a Registered Eligible Business Corporation (EBC)

INVESTOR BULLETIN  Earn up to 30% in Provincial tax credits through your investment in Raiiz Innovations Inc.  BACKGROUND  The government of British Columbia recognizes that creating new businesses will contribute to a healthier, more diverse economy and ...
FOR IMMEDIATE RELEASE

Based in B.C.? Claim a 30% Provincial Tax Credit Through an Investment in BC Companies that Qualify.

May 9, 2025

[Vancouver, BC] – The Government of British Columbia encourages the development of a diverse and resilient economy by supporting the growth of innovative new businesses and the creation of jobs. To promote private investment in early-stage companies operating in key sectors, the Ministry of Jobs, Economic Development and Innovation administers the Venture Capital Tax Credit Program (VCP).

Under this program, residents of British Columbia who invest in businesses registered as Eligible Business Corporations (EBCs) may claim a refundable provincial tax credit of 30% of their investment, up to a maximum of $120,000 per calendar year. Corporate investors are also eligible for a 30% tax credit, though it is non-refundable and has no maximum limit.

HOW IT WORKS

Each year, the Venture Capital Programs are allocated a limited pool of tax credits. Once an equity investment is made by a qualifying B.C. resident or corporation, the EBC applies on the investor’s behalf for a tax credit certificate equal to 30% of the investment.

The program operates on a first-come, first-served basis. Tax credits are issued only while the annual allocation remains available, and may be carried forward for up to four subsequent taxation years. Individual investors may also elect to apply the credit to the previous tax year if the investment is made within the first 60 days of a calendar year. The 2025 VCP budget is now active, and tax credits are currently being issued to investors on a first-come, first-served basis.

  • Individuals may claim up to $120,000 in tax credits per year.
  • Corporations face no claim limit, though credits are non-refundable and apply only in the tax year of investment.
  • Investors must qualify under applicable securities rules and regulations.

RRSP, RRIF & TFSA CONSIDERATIONS

  • Investments made directly from an RRSP or RRIF are eligible for the 30% provincial tax credit.
  • Investments made outside of a registered plan (RRSP, RRIF, or TFSA) can be transferred into one after purchase without affecting tax credit eligibility.
  • Investments made directly from a TFSA do not qualify for the provincial tax credit.

Investors are strongly encouraged to consult a tax or financial advisor for their individual circumstances.

ABOUT RAIIZ INNOVATIONS

Raiiz Innovations Inc. is a British Columbia–based company with a mission to empower people with the knowledge, tools, and connections they need to build or renovate better homes, affordably. We simplify access to contractors, products, incentives, and inspiration, making the process seamless and impactful.

Raiiz Innovations is registered as an Eligible Business Corporation. Effective April 28, 2025, Raiiz Innovations has been approved for up to $1.0 million in EBC-eligible investment allocations under the Venture Capital Tax Credit Program.

FOR MORE INFORMATION

To learn more about opportunities with Raiiz Innovations Inc., please contact:

Justin Maxwell

Corporate Development

[email protected]

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May 9, 2025

Based in B.C.? Claim a 30% Refundable Provincial Tax Credit Through an Investment in BC Companies that Qualify.

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May 2, 2025

Raiiz Innovations Inc. is now a Registered Eligible Business Corporation (EBC) - BC Investors Earn up to 30% Tax Credit

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November 30, 2024

Raiiz Innovations Inc. Acquires Ecohome.net Intellectual Property Portfolio, Expanding Its Technology Solutions Footprint.

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Raiiz Innovations acknowledge that our operations are situated on the unceded traditional territories of the Indigenous peoples of the Vancouver Lower Mainland of British Columbia. This includes the land of the q́ićəý̓ (Katzie), kʷakʷəkʲəʔwakʷ (Kwakiutl), q́ʷɑ:ńƛ̓əń (Kwantlen), kʷikʷəƛ̓əm (Kwikwetlem), máthxwi (Matsqui), xʷməθkʷəy̓əm (Musqueam), qiqéyt (Qayqayt), se’mya’me (Semiahmoo), Sḵwx̱wú7mesh Úxwumixw (Squamish), scəẃaθən məsteyəxʷ (Tsawwassen), and səlilwətaɬ (Tsleil-Waututh) Nations. We also recognize the Métis Nation and the contributions of Métis peoples in this region.

We are grateful for the opportunity to live and work on this land, and we honor the rich cultural heritage, traditions, and histories of these Indigenous peoples.