Investor Presentaiton
The annual report form will be available through the online application portal and includes fields
for the information outlined below with respect to its most recently ended fiscal year (please see
Section 49 of the Investing in a Diversified Alberta Economy Act:
a copy of the shareholder register of the eligible business corporation;
the copy of the most recent financial statements of the eligible business corporation that
have been reviewed by a chartered professional accountant or other person who is a
licensed or registered member of an accounting association; and
copy of the most recent annual return filed with the Registrar of Corporations.
Important note:
An EBC must comply with this reporting in each of the five consecutive fiscal years following the
date of its most recent issue of shares as part of the raising of additional equity capital.
Venture Capital Corporations (VCCS):
Shares issued by a VCC must not be redeemed by the VCC for five years from the date of share
issuance. If the shares are redeemed prior to this date, the tax credit may be revoked. VCCs
must also maintain investments in eligible businesses for a minimum of five years from the date
of share issuance, and they must invest the capital raised within a specified period of time, as
outlined in Section 4(1) of the Regulation and in this document (see Step 4: Raise Equity Capital).
VCCs must submit an annual report for each year they are registered with the program.
The annual report form will be available through the online application portal and must include the
information outlined below with respect to its most recently ended fiscal year (please see Section
23 of the Regulation):
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the amount of equity capital raised by the venture capital corporation;
the aggregate value at cost of investments made by the venture capital corporation, the
name of each small business the shares of which the venture capital corporation sold and
the value at cost of those shares;
the balance held in the investment protection account of the venture capital corporation at
the end of the fiscal year;
the aggregate amount of expenses incurred by the venture capital corporation and the
amount paid as management fees;
whether any fees or remuneration were paid to the shareholders, officers or directors of
the venture capital corporation or to any associate or affiliate of any of them by a small
business in which the venture capital corporation made an eligible investment;
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Alberta Investor Tax Credit Program | January 2019View entire presentation