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 the role of new business in the creation of new jobs. To help support and encourage investment by residents of British Columbia, in businesses operating in sectors deemed most beneficial to the provincial economy, the B.C. Ministry of International Trade created the Venture Capital Programs (VCP). Residents of British Columbia who make equity capital investments in registered Eligible Business Corporations (EBC), can receive up to a 30% tax credit from the Province of B.C.
HOW DOES IT WORK?
Each tax year, a limited budget of available Provincial tax credits is allocated to the Venture Capital Programs. Upon receiving an equity capital investment from a qualified resident of British Columbia, an EBC registered corporation can apply on behalf of the purchaser to the Provincial Government for tax credit certificates in the amount equal to 30% paid by the purchaser for the equity in the EBC business. As the Venture Capital Program operates on a “first-come first-served” basis, tax credit certificates are only issued as long as the limited budget for credits remains available.
INVESTING IN RAIIZ INNOVATIONS INC.
Raiiz Innovations Inc. is a registered Eligible Business Corporation (EBC), operating in British Columbia. As such, equity capital investments made through the purchase of Common Voting Shares in Raiiz Innovations Inc. qualify under the Business Creation Venture Capital portion of the Venture Capital Program. Subject to the provisions of the Small Business Venture Capital Act (“SBVCA”) and provided investments are made early enough in the year while availability remains open in the Venture Capital Program, investors in Raiiz Innovations Inc. Inc. who are qualifying residents of B.C., or B.C. corporations, are eligible for a tax credit equal to 30% of their investment. Individuals qualify for up to a maximum of $60,000 in credits per taxation year and corporations are unlimited. The 2025 budget is now available to all residents or corporations in British Columbia as investors in all EBC registered BC corporations on a first-come-first-serve basis. Raiiz Innovations Inc. has been approved for up to $1.0M in EBC allocation effective April 28, 2025.
RRSP AND TFSA ACCOUNTS AND THE EBC PROGRAM
Investments made directly from an individual investor’s RRSP or RRIF account are tax credit eligible. In addition, investors may transfer investment shares purchased outside their RRSP, RRIF or TFSA directly into their RRSP, RRIF or TFSA account. Investments made directly from a Tax-Free Savings Account (TFSA) do not qualify for the provincial tax credit under the Eligible Business Corporation (EBC) Program in British Columbia. However, investment shares purchased outside a TFSA can be transferred into a TFSA after the purchase without affecting tax credit eligibility.
CONTACT INFORMATION
For more information on investing in Raiiz Innovations Inc. Inc., please contact:
Justin Maxwell – Corporate Development
604.505.1877
jmaxwell@raiiz.com
www.raiiz.com
Raiiz Innovations Inc.
NOTE: This is a summary of the EBC provisions of the Venture Capital Program as they apply to Raiiz Innovations Inc.