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Financial Assistance - Tax Credits and Rebates

Community Enterprise Development (CED) Tax Credit


PROGRAM DESCRIPTION

This program encourages Manitobans to invest in enterprises in their communities by providing a tax incentive, while providing community-based enterprises with access to equity capital.


WHO QUALIFIES

Eligible applicants include:

  • Manitobans looking to invest up to a maximum of $30,000 annually.
  • Approved enterprises with net and gross assets of $10,000 and $25 million or less respectively and no more than 200 employees (at least 25% residing in Manitoba).
     
Excludes professional practices, enterprises involved in primary industries, mineral exploration, recreational/seasonal activities, or commercial property development.
 

AVAILABLE ASSISTANCE

  • Investors receive a 30% personal income tax credit on a maximum annual investment of $30,000 (up to $9,000 in tax credits).
  • Eligible enterprises receive a maximum of $1,000,000 in repayable capital.
  • Projects requiring larger amounts of capital may be considered on a case-by-case basis.

HOW TO APPLY

  • A business plan and project application must be submitted to MAFRI for review and approval.
  • Review the regulation for the Community Enterprise Development (CED) Tax Credit (PDF 133 KB)
  • Successful applicants will receive a Letter of Offer prior to preparing an Offering Memorandum through the Manitoba Securities Commission.
  • The funds raised must be invested as per the conditions of the Letter of Offer. 

 

Application Form (PDF 58 KB)


APPLICATION DEADLINE

Applications are approved on a first come, first served basis until the program is fully subscribed.


WHO TO CONTACT

MAFRD GO Office


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