Funding Amount
Up to 45% non-refundable tax credit against Manitoba taxes payable
Funding Limits
$225,000 per year per investor
Program Contact Details
ecdevprograms@gov.mb.ca
204-945-2475
What is this funding for?
New-investment small business tax credit in Manitoba
Program Description
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.
Steps to Apply
1. Review the Program Guidelines to understand the requirements and application process
2. Ensure your corporation meets the eligibility criteria, including being a Canadian Controlled Private Corporation with a permanent establishment in Manitoba
3. Prepare the necessary documents, including proof of CCPC status, proof of active business operations, and financial statements showing $25,000 cash equity already invested
4. Download and complete the Application Form, providing all required details accurately and completely
5. Submit the completed application form along with all required documentation to the Economic Programs Branch at 1010 - 259 Portage Avenue, Winnipeg, MB R3B 3P4, or via email to ecdevprograms@gov.mb.ca
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