OTI Technologies Inc has been approved by Government of British Columbia, Investment Capital Branch—Ministry of Jobs, Economic Development and Competitiveness as an Eligible Business Corp.
OTI is now registered with the British Columbia government as an Eligible Business Corporation ("EBC"). EBCs can accept equity capital directly from investors without having to set up a venture capital corporation (VCC).
British Columbia-based investors who invest to support the growth of OTI are now eligible for a 30% tax credit. For BC resident individual investors who do not owe BC taxes, this credit will be a cheque from the BC Government . These tax credits are confirmed by OTI on behalf of investors through the BC Government's electronic tax credit application system (eTCA system).
BC investors can use funds in their registered or non-registered investment portfolios for investment purposes.