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Income Tax Regulations

Version of section 6700 from 2011-09-22 to 2024-05-28:


 For the purposes of paragraph 40(2)(i), clause 53(2)(k)(i)(C), the definition private corporation in subsection 89(1), subsection 125(6.2), the definition Canadian-controlled private corporation in subsection 125(7), section 186.2 and the definition financial intermediary corporation in subsection 191(1) of the Act, the following are prescribed venture capital corporations:

  • (a) a corporation that is registered under the provisions of

    • (i) An Act Respecting Corporations for the Development of Quebec Business Firms, Statutes of Quebec 1976, c. 33,

    • (ii) the Small Business Development Corporations Act, 1979, Statutes of Ontario 1979, c. 22,

    • (iii) Manitoba Regulation 194/84, being a regulation made under The Loans Act, 1983(2), Statutes of Manitoba 1982-83-84, c. 36,

    • (iv) The Venture Capital Tax Credit Act, Statutes of Saskatchewan 1983-84, c. V-4.1,

    • (v) the Small Business Equity Corporations Act, Statutes of Alberta 1984, c. S-13.5,

    • (vi) the Small Business Venture Capital Act, Statutes of British Columbia 1985, c. 56,

    • (vii) An Act respecting Quebec business investment companies, Statutes of Québec 1985, c. 9,

    • (viii) The Venture Capital Act, Statutes of Newfoundland 1988, c. 15,

    • (ix) The Labour-sponsored Venture Capital Corporations Act, Statutes of Saskatchewan 1986, c. L-0.2,

    • (x) Part 2 of the Employee Investment Act, Revised Statutes of British Columbia, 1996, c. 112,

    • (xi) Part III of the Community Small Business Investment Funds Act, chapter 18 of the Statutes of Ontario, 1992,

    • (xii) The Labour-Sponsored Venture Capital Corporations Act, Continuing Consolidation of the Statutes of Manitoba c. L12,

    • (xiii) Part II of the Risk Capital Investment Tax Credits Act, chapter 22 of the Statutes of the Northwest Territories, 1998, or

    • (xiv) section 11 or Part II of the Equity Tax Credit Act, Statutes of Nova Scotia, 1993, c. 3;

  • (b) the corporation established by An Act to Establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.), Revised Statutes of Québec, F-3.2.1;

  • (c) a corporation that is registered with the Department of Economic Development and Tourism of the Government of the Northwest Territories pursuant to the Venture Capital Policy and Directive issued by the Government of the Northwest Territories on June 27, 1985;

  • (d) a corporation that is a registered labour-sponsored venture capital corporation;

  • (e) the corporation established by The Manitoba Employee Ownership Fund Corporation Act, Continuing Consolidation of the Statutes of Manitoba, c. E95;

  • (e.1) the corporation established by An Act constituting Capital régional et coopératif Desjardins, R.S.Q., c. C-6.1; or

  • (f) the corporation established by An Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi, Statutes of Québec 1995, c. 48.

  • (g) [Repealed, SOR/2001-289, s. 2]

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/81-540, s. 1
  • SOR/84-948, s. 17
  • SOR/85-92, s. 1
  • SOR/86-379, s. 1
  • SOR/86-488, s. 9
  • SOR/86-1136, s. 9
  • SOR/89-551, s. 2
  • SOR/92-397, s. 1
  • SOR/92-398, s. 1
  • SOR/93-396, s. 1
  • SOR/94-686, ss. 36(F), 79(F)
  • SOR/96-173, s. 1
  • SOR/97-504, s. 1
  • SOR/98-12, s. 1
  • SOR/98-281, s. 2
  • SOR/99-102, s. 3
  • SOR/2001-289, s. 2
  • SOR/2011-188, s. 23

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