The financial programs managed through the Manitoba Jobs and the Economy 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.
May 15, 2014, Manitoba Government Announces Innovation Growth Fund, Enhanced Tax Credits to Help Companies Raise Capital to Grow, Create Jobs
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.
Preamble to the application:
Businesses and investors should read the Guiding Principles as well as the appropriate legislation and regulation pertaining to the Small Business Venture Capital Tax Credit. (See links at the bottom of this page)
Businesses and investors should seek the appropriate legal or tax advice.
Applications may be submitted in-person, by mail, courier, fax or email to:
SBVC Tax Credit Program
Suite 1040 – 259 Portage Avenue
Winnipeg Manitoba R3B 3P4
Office hours are 8:30 a.m. - 4:30 p.m. Monday – Friday
Applicants may apply to issue up to the life time limit of $10,000,000 in Eligible Investments in a given year; however, the Department may initially limit its approval to less than $10,000,000 in Eligible Investments. The applicant may request to issue the remainder of its $10,000,000 Eligible Investment life time limit subject to:
the program's annual approval limit of $22,000,000 not being reached;
the applicant making its request prior to the expiry of its initial approval;
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 consider only 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 Small Business Venture Capital Tax Credit program (formerly CEITC) please go to sections 11.13 to 11.17.
For Information on the Regulations for the
Guide to the SBVC Tax Credit Program