Evaluating BC’s Venture Capital Programs

In June of 2010 Thomas Hellman (Sauder School of Business – UBC) and Paul Schure (Department of Economics – Uvic) prepared a report evaluating BC’s Venture Capital Program for the BC Ministry of Small Business, Technology and Economic Development. Executive Summary The objective of this study is to evaluate the economic impact of the venture […]

Equity Share Structures in BC VCCs – Improving Investor’s Chances of an Exit

British Columbia’s Small Business Venture Capital Act (“the Act”) provides for a 30% tax credit to investors (refundable in cash) who buy eligible investments through a provincially-registered venture capital corporation (“VCC”). The small business must meet eligibility requirements – What are the 6 qualifying activities? Manufacturing, processing or export of value-added goods produced in British […]

New Equity-Based Crowdfunding Platform Launched in New York

The Food and Agriculture Organization, agricultural production will need to grow globally by 70 percent between 2009 and 2050. According to the FAO The latest UN estimates of population suggest that by 2050 the planet will be populated by 9.1 billion persons, up from the current population of 6.8 billion (2009). This represents a 34 percent increase over the 41 year […]

Differing Views on Innovation in Canada

Do concerns regarding the effectiveness of Canada’s SR+ED Program stem from an incomplete understanding of the state of innovation in Canada? by Rob Farrow, CPA, CGA President, Sutton Levinson Inc. (from a document presented to the CRA November 6, 2013)  As recently as September 9th of this year the Conference Board warned that “Canada’s economy […]

Is HSBC Abandoning Small Business in Canada?

A banker friend told me that one of their clients – a lawyer – was told by her HSBC  rep that since her revenues are below $3 MILLION dollars that they would not be able to assist them with their new business From my perspective, if a bank isn’t interested in your business you shouldn’t […]

CRA Considers Position On Crowdfunding Receipts

In October of 2013 the CRA issued a response to a taxpayer regarding the nature of crowdfunding receipts from a tax perspective. depending on the facts and circumstances of a specific situation, monies received by a taxpayer under a crowdfunding arrangement could represent a loan, capital contribution, gift, income, or a combination thereof.  However, since […]

Private Issuer Exemption

Private issuer exemption If you have already formed a company, limited partnership, trust or co-operative association, you probably relied on the private issuer exemption without even knowing it. After forming your organization, you may need additional financing in order to continue your operations. By using the private issuer exemption, you can issue securities to form […]

Crowdfunding in Saskatchewan

According to Derek Fahl at WMCZ Lawyers Saskatchewan may be the first jurisdiction in North America to offer crowdfunding the way it was originally envisioned – http://wmcz.com/legal-ideas/crowdfunding-saskatchewans-modest-proposal/ Securities – FCAA Asks for Comments Regarding the Proposed Saskatchewan Equity Crowdfunding Exemption We ask for your input about the General Order 42-925 Saskatchewan Equity Crowdfunding Exemption and its associated […]