Financial Services

The financial programs managed through the Manitoba Entrepreneurship, Training and Trade are targeted to help Manitoba enterprises start and prosper. The programs range from start-up assistance for small businesses to substantial financial leveraging to help attract jobs and investment into Manitoba.

Whats New? Profiles of Capital Providers in HTML and PDF

Expansion Capital for Established Businesses Capital for High-growth Businesses
Small Business Capital Profiles of Capital Providers

Our Objectives

Increasing Access to Capital in Manitoba

The objective of Financial Services is to encourage and facilitate entrepreneurial and employment opportunities within the Province through the establishment of new businesses or the expansion/retention of existing Manitoba businesses.

How We Achieve Our Objectives:

The Branch promotes increased access to capital for industry by serving as a principal source of financial advice and assistance for businesses to expand or locate in Manitoba. In addition to delivery and administration of financial programs for the department, the Branch develops and administers a number of third party delivered pools of risk capital.

Phone: 204-945-0141
Fax: 204-945-1193

Community Enterprise Investment Tax Credit program (CEITC)

Preamble to the application:

• Businesses and investors should read the appropriate legislation and regulation pertaining to the Community Enterprise Investment Tax Credit (“CEITC”).
  (See links at the bottom of this page)

• Businesses and investors should seek the appropriate legal or tax advice.

• Applications for 2009 will be accepted by the Department starting on Wednesday, February 25, 2009.

• For the first week (beginning Wednesday, February 25, 2009 and ending Tuesday, March 3, 2009) applications must be delivered in person or by courier to Suite 1040 – 259 Portage Ave, Winnipeg, Manitoba; between the hours of 8:30 am and 4:00 pm.

• After March 3, applications may also be sent to the Department by fax to 204-945-1193, electronic mail to doug.fyfe@gov.mb.ca, or regular mail.

• The Department will not automatically confirm receipt of an application.

• Applicants may apply to issue up to $5,000,000 in eligible investments in a given year; however, the department may only initially approve a maximum of $3,000,000 in eligible investments per application.  The applicant may request to issue the additional $2,000,000 of eligible investments subject to;
  
  
  • the program's approval limit of $33,000,000 not being reached;
  • the applicant still meeting the criteria of an eligible small business corporation; and
  • all of the applicant's initial approval to issue eligible investments has been fully subscribed,
    
    

• Applicants should note that the Department may require additional information and documentation to determine the applicant’s eligibility to issue shares as an eligible investment.

• The Department may only consider complete applications.

• No securities regulatory authority has evaluated or endorsed the merits of this investment.

• The issuance of the tax credit receipt is not an endorsement of this investment by the Manitoba Government.

For information on the Income Tax Act that mentions the CEITC program please go to sections 11.13 to 11.17. For Information on the Regulations for the CEITC program.

Guiding Principles for Interpreting the CEITC Regulation # 181/2007 (41 KB PDF) Introduction to the CEITC Program (25 KB PDF ) The 2009 CEITC Application is now available to download (107 KB PDF)