Value
Rebate of the incremental education-related property taxes.Description
The Manitoba Works Capital Incentive encourages significant new business investment or existing business expansion by creating a competitive tax environment to help diversify Manitoba’s economy and stimulate job creation.
Eligible Applicants
The Manitoba Works Capital Incentive can be made available to a new or existing business interested in expanding in the province if:
- The proponent company makes a minimum capital investment of $10M to a specific property;
- A minimum of 65% of total project costs are from private sources; and
- There is demonstrable potential to create and/or maintain a minimum of 10 jobs in the province or the new business activity has a substantial and measureable net economic benefit to the province.
Eligible Expenses
Incentive:
If the proponent company meets the above criteria, upon application they are considered for a rebate of the incremental education-related property taxes that are generated as a result of the capital investment on a property for a period up to 20 years, or until the education property tax is eliminated.
Deadline Date
Ongoing.Contact
Contact Name: Manitoba Works Capital Incentive
E-mail Address: TIF@gov.mb.ca
Website: https://www.gov.mb.ca/jec/busdev/financial/mwci/index.html