GOVERNMENT INCENTIVES

British Columbia administers capital funds and offers tax credits, exemptions and deductions to encourage business investment and innovation.

These include:

• Incentives for research and development and the launch of the Innovative Clean Energy (ICE) fund in 2008. The ICE fund has approved investments of over $47 million in 34 projects across the province for clean and renewable energy technologies.
• The BC Renaissance Fund invests in venture capital partnerships managed by experienced investment professionals. It focuses on four technology sectors: information technology, new media, clean technology and life sciences.
• Three key investment capital programs help small business access capital by offering tax credits to investors and encouraging small businesses.
• The International Financial Activity (IFA) program offers the following refunds:
• provincial corporate income tax paid by eligible companies on earnings from international financial services performed within British Columbia and
• provincial personal income tax paid by specialists from outside Canada working in British Columbia's international financial sector as an IFA specialist.

More on BC's goverment incentives and our financial sector can be found on the financial services page.

Learn more about corporate income tax credits, investment capital programs and other incentives provided by British Columbia, including for specific sectors such as film, new media and mining.