Manitoba Small Business Venture Capital Tax Credit
$10,000,000
Tax Credit
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.
Comments on Funding:
Approved corporations have a $10 million lifetime limit on shares issued. Investors can invest a maximum of $500,000 per company.
Continuous intake
Eligibility:
Applicants must:
1. be a Canadian Controlled Private Corporation (CCPC) with a permanent establishment in Manitoba;
2. have assets are used in active business;
3. have revenue generated from active business;
4. have at least $25,000 cash equity already invested;
5. a small business with annual revenue of less than $15 million or
less than 100 full-time equivalent employees;
6. have at least 25% of employees reside in Manitoba; and
7. not be a Reporting Issuer.
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
