Programs and Incentives

Small Business Venture Capital Tax Credit


The Small Business Venture Capital Tax Credit (SBVCTC) provides a non-refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in eligible Manitoba enterprises. The program targets Manitoba companies that want to raise equity from higher net worth individuals, with a minimum investment of $10,000 per investor. Corporations must be pre-approved to issue shares and must demonstrate that they are:

  • A Canadian Controlled Private Corporation (CCPC) with a permanent establishment in Manitoba;
  • Assets are used in active business;
  • Revenue generated from active business;
  • At least $25,000 cash equity already invested;
  • A small business with:
    • Annual revenue less than $15 million; or
    • Less than 100 full-time equivalent employees
  • At least 25% of employees reside in Manitoba; and
  • Not a Reporting Issuer.

Approved corporations have a $10 million lifetime limit on shares issued.

Investors can invest a maximum of $500,000 per company.

 

For more information:

Available in alternate formats upon request.

 

Submit applications to:

Economic Programs Branch
1010 - 259 Portage Avenue
Winnipeg, MB R3B 3P4
General Email: ecdevprograms@gov.mb.ca
General phone number: 204-945-2475

Top of the page