Expansion Capital Required – Receive a 30% Refundable Tax Credit
An established shellfish aquaculture company requires expansion capital. A total of $200,000 is required, of which $100,000 has been raised.
The company and business plan have been registered as an Eligible Business Corporation under the provincial Small Business Venture Capital Program: if you are a BC resident, your investment of between $10,000 and $100,000 will trigger a 30% refundable tax credit when you file your 2017 income tax return (If you're unfamiliar with the Small Business Venture Capital Program, you can learn more here: https://www2.gov.bc.ca/gov/content/employment-business/investment-capital/venture-capital-programs/eligible-business-corporation)
As well, your investment is:
- an eligible investment for your RRSP
- fully backed by assets.
The Company's business plan projects total returns over a 5-year hold of 140% to 260%.
For further information, please email. Broker enquiries welcome.
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|Posted||November 24, 2017|
|Expiry||December 24, 2017|
|Details||New, Commercial Seller|