Manitoba Manufacturing Investment Tax Credit
8% tax credit
Tax Credit
Description:
The Manufacturing Investment Tax Credit provides an 8% tax credit to businesses that acquire qualified plant, machinery and equipment for use in manufacturing or processing in Manitoba.
Comments on Funding:
Funding takes the form of:
1. an 8% tax credit (7/8 refundable and a 1/8 non-refundable) for eligible property acquired on or after July 1st, 2019;
2. an 9% tax credit (8/9 refundable and a 1/9 non-refundable) for eligible property acquired on or after April 12th, 2017 but before July 1 2019.
The tax credit can be applied against Manitoba corporate income tax payable in the year earned, with unused credits available for a ten-year carry-forward.
Rolling deadline
Eligibility:
Applicants must be businesses that acquire qualified plant, machinery and equipment for use in manufacturing or processing in Manitoba.
Application Steps:
Applicants must contact:
Manitoba Tax Assistance Office
110A – 401 York Avenue
Winnipeg, MB R3C 0P8
Phone: 204-948-2115 or 1-800-782-0771 (in Manitoba) Fax: 204-948-2263
E-mail: tao@gov.mb.ca
Website: www.gov.mb.ca/finance/tao/index.html
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
