Business and Economic Development

Tax Credits and Programs: Community Enterprise Development Tax Credit


The Community Enterprise Development Tax Credit (CEDTC) provides a refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in community-based enterprises in Manitoba. There is no minimum investment requirement for companies or individual investors, but each investor is limited to 10% or less of the total tax credit issuance. Corporations must be pre-approved to issue shares and must demonstrate that they are:

  • A Cooperative incorporated under The Cooperatives Act or a taxable Canadian Corporation incorporated under The Corporations Act;
  • Assets are used in active business;
  • Net and gross assets are less than $10 million and $25 million, respectively; and
  • Less than 200 full-time equivalent employees, at least 25% of which reside in Manitoba;

Approved corporations have a $3 million lifetime limit on shares issued.

Investors can invest a maximum of $60,000 per year.

 

For more information:

 

Submit applications to:

Manitoba Growth, Enterprise and Trade
1010–259 Portage Avenue
Winnipeg, Manitoba
R3B 3P4
Phone: 204-945-8468
Fax: 204-948-2964
Email: kristine.seier@gov.mb.ca

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