Business and Economic Development

Tax Credits and Programs: 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 $20,000 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 $450,000 per company per year.

 

For more information:

 

Submit applications to:

Manitoba Growth, Enterprise and Trade
1010–259 Portage Avenue
Winnipeg, Manitoba
R3B 3P4
Phone: 204-945-7343
Fax: 204-945-1193
Email: kristal.benton@gov.mb.ca

 

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