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Government: Manufacturing Investment Tax Credit

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The Manitoba Manufacturing Investment Tax Credit provides a 10% tax credit applicable against Manitoba corporate income tax payable. This credit is for new and used manufacturing buildings, machinery and equipment used directly in the manufacturing process. Qualified investments must be made after March 11, 1992 and before January 1, 2012.

The amount deductible against Manitoba income tax will be the lesser of the 10% investment tax credit or the Manitoba Corporate Income Tax otherwise payable. Unused investment credits can be carried forward up to ten years, or carried back up to three years. This credit was made partially refundable in the 2005 Budget. The 2008 Manitoba Budget increased the refundable portion to 70% of earned credits for qualified property acquired on or after January 1, 2008. This allows firms without taxable income to take immediate advantage of the MITC.

Green Energy Manufacturing Tax Credit

This refundable income tax credit will be equal to 10% of the value of qualifying property produced in Manitoba and sold before 2019 for residential or commercial use in Manitoba.

Qualifying property includes equipment for wind power, solar energy, geothermal energy and hydrogen fuel cells.  In 2008, geothermal ground source heating systems were made eligible for the tax credit.  Budget 2009 expanded the credit to include solar thermal heating equipment.

For more information please contact:

Manitoba Finance
Taxation, Economic and Intergovernmental Fiscal Research Division
Tel: 204-945-3757
Fax: 204-945-5051
Web: www.gov.mb.ca/finance/fedprov/index.html