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Small Business Venture Capital Tax Credit │ Government of Manitoba:

Value

Non-refundable Manitoba tax credit of up to 45%.

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.

Eligible Applicants

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.

Eligible Expenses

  • Approved corporations have a $10 million lifetime limit on shares issued.
  • Investors can invest a maximum of $500,000 per company.

Deadline Date

  Ongoing.

Contact

Contact Name: Economic Programs Branch

Phone Number: 204-945-2475

E-mail Address: ecdevprograms@gov.mb.ca

Website: https://www.gov.mb.ca/jec/busdev/financial/sbvctc/index.html

Industry: Other, Location: Manitoba ,
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