To Offer 30% Tax Credit to New BC Investors
Vancouver, British Columbia – Healthy Crowdfunder Corp (“HCC”) is pleased to announce that the Company has been registered (Registration No. 30965) as an Eligible Business Corporation (EBC) under section 28.2 of The Province of British Columbia’s Small Business Venture Capital Act.
The Equity Authorization will allow HCC to raise equity capital directly from eligible Investors who are BC residents or taxable corporations. Individuals who purchase shares of HCC are eligible to receive a refundable tax credit equal to 30% of their investment amount, up to a maximum of $60,000 in credits per taxation year. Corporations may only deduct the tax credits from their BC taxes otherwise payable under the BC Income Tax Act. There is no annual limit on the tax credit for corporations; however, the credits are non-refundable.
The 30% tax credits are offered on a first come – first serve basis, as part of a limited government allocation and it is expected that they will be fully allocated by the end of October 2013. Investments in Healthy Crowdfunder are also fully RRSP eligible. A BC resident investing $10,000 and transferring the securities to his RRSP at the top marginal rate is saving $7,370 for a net investment of $2,630.
|InvestmentRRSP deduction at 43.7% marginal rate
Tax refund at 30%
|Total tax savingsNet investment at risk||
CEO Antonio Arias noted: “The BC Venture Capital Act is a progressive program allowing us to develop and offer our crowdfunding and crowdsourcing services to the huge healthcare ventures in the US and Canada. The completion of the platform will facilitate the introduction of members – health ventures, investors, service providers, and customers – resulting in more efficient flow of capital and other resources. Technology is advancing at exponential rate. The traditional ways of doing business are being replaced by more intelligent and economic systems delivering faster results. Various sectors in healthcare market can benefit the most as the world’s ageing population continues to rise.”
We are very grateful to Rachelle Kallechy, Portfolio Manager and Jeff Lindsay, Executive Director of the BC Investment Capital Branch for all their efforts to qualify us for this special program of the Ministry of International Trade. When authorized for $1 Million, it is akin to the BC government investing $300,000 towards technology business and job creations. One of our plans is to develop an accelerator in Vancouver similar to RockHealth (San Francisco) and StartUp Health (New York).
Watch Premier Christy Clark as she inspires us to dream about our country.
About Healthy Crowdfunder Corp
Healthy Crowdfunder Corp is a privately held technology company which is being launched to develop a platform linking members such as health ventures, investors, service providers, and customers to advance the development and commercialization of preventive, predictive and personalized (“3Ps”) health solutions. With the advent of crowdsourcing and crowdfunding arising from technological advancements, HCC will address the 3Ps of the $3 trillion healthcare market by creating an ecosystem where the members can collaborate and operate expeditiously to the benefit of all health consumers.
Watch Premier Christy Clark as she inspires us to dream about our country http://www.youtube.com/watch?v=VX4HgLUyJaY
About The Small Business Venture Capital Act
Venture capital programs encourage investors to make equity capital investments in British Columbia small businesses that will enhance and diversify the provincial economy. The government recognizes that creating new small businesses and expanding existing ones will contribute to a healthy economy. These programs give small business continuous access to early-stage venture capital to help them develop and expand.
Healthy Crowdfunder Corp
Antonio A Arias
Chief Executive Officer
T: 1+ 650-319-7418 | 1+ 778-889-8509