Community Enterprise Development Tax Credit
$3,000,000
Tax Credit
Description:
The Community Enterprise Development Tax Credit (CEDTC) provides a refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in community-based enterprises in Manitoba.
Comments on Funding:
There is no minimum investment requirement for companies or individual investors, but each investor is limited to 10% or less of the total tax credit issuance.
Continuous intake
Eligibility:
Applicants must:
1. a Cooperative incorporated under The Cooperatives Act or a taxable Canadian Corporation incorporated under The Corporations Act;
2. have assets that are used in active business;
3. have net and gross assets are less than $10 million and $25 million, respectively; and
4. less than 200 full-time equivalent employees, at least 25% of which reside in Manitoba;
Application Steps:
Applicants must contact Economic Programs Branch
1010 – 259 Portage Avenue
Winnipeg, MB R3B 3P4
General Email: ecdevprograms@gov.mb.ca
General phone number: 204-945-7343
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
