Community Enterprise Development Tax Credit
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.
Offered by Ministry of Business, Mining, Trade and Job Creation
Amount
Refundable Manitoba tax credit of up to 45% to investors acquiring equity capital in community-based enterprises; each investor limited to 10% or less of the total tax credit issuance and a maximum investment of $60,000 per year; approved corporations have a $3 million lifetime limit on shares issued
Quick eligibility check
Who can apply
Corporations must be pre-approved to issue shares and must demonstrate that they are:
- A Cooperative incorporated under The Cooperatives Act or a taxable Canadian Corporation incorporated under The Corporations Act;
- Assets are used in active business;
- Net and gross assets are less than $10 million and $25 million, respectively; and
- Less than 200 full-time equivalent employees, at least 25% of which reside in Manitoba;
About the funding
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. 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.
Approved corporations have a $3 million lifetime limit on shares issued.
Investors can invest a maximum of $60,000 per year.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Manitoba Interactive Digital Media Tax Credit | Tax Credit | Up to a 40% refundable corporate tax credit on qualified labour expenditures and some marketing and distribution expenses | Open |
