How much funding can be received?

Manitoba residents and corporations that invest $60,000 annually get 45% (or $27,000) income tax credit while approved enterprises receive a maximum of $3 million in repayable capital.

grant_single_labels|terms_and_conditions

The Community Enterprise Development Tax Credit Program provides a refundable tax credit mechanism to support investments in community-based enterprises. The program aims to enhance enterprise growth through equity financing opportunities.

A refundable tax credit of up to 45% for investments in eligible community-based enterprises.
No minimum investment requirement for investors, allowing flexibility in the amount invested.
Each investor is limited to acquiring 10% or less of the total tax credit issuance, promoting diversified investment.
Corporations can issue shares up to a lifetime limit of $3 million.
Investors are allowed a maximum annual investment of $60,000.

grant_single_labels|projects

grant_single|admissibleProjectsExample

$ 60,000

Corporate shares acquisition to support local tech startup growth

$ 60,000

Equity investment in local organic farming cooperative to enhance green agriculture

$ 60,000

Investment in local renewable energy start-up to drive sustainability initiatives

$ 60,000

Acquisition of computer shares to enhance educational technology infrastructure

$ 60,000

Equity investment in arts cooperative for enhancing cultural projects

$ 60,000

Investment in a local healthcare NPO to expand mental health services

grant_single_labels|admissibility

Eligibility for this tax credit is determined by specific requirements related to the corporation's structure and activities.

The corporation must be either a Cooperative incorporated under The Cooperatives Act or a taxable Canadian Corporation incorporated under The Corporations Act.
The assets of the corporation must be used in active business.
The corporation must have net assets of less than $10 million and gross assets of less than $25 million.
The corporation must have fewer than 200 full-time equivalent employees, with at least 25% residing in Manitoba.

grant_eligibility_criteria|who_can_apply

The Community Enterprise Development Tax Credit is available for cooperatives and taxable Canadian corporations that operate community-based enterprises in Manitoba. Eligible businesses must meet specific criteria related to their corporate structure, asset usage, and employment.

The business must demonstrate that it is a Cooperative under The Cooperatives Act or a taxable Canadian Corporation under The Corporations Act.
Assets need to be utilized in active business operations.
The business must have net and gross assets below specific thresholds and employ individuals who primarily reside in Manitoba.

grant_eligibility_criteria|who_cannot_apply

Some types of companies are not eligible for the Community Enterprise Development Tax Credit grant. To be eligible, corporations must be pre-approved to issue shares and must meet specific criteria related to their incorporation status, assets, and number of employees.

Companies not incorporated under The Corporations Act or The Cooperatives Act
Companies with net assets exceeding $10 million or gross assets exceeding $25 million
Companies with more than 200 full-time equivalent employees, or less than 25% of which reside in Manitoba

grant_eligibility_criteria|eligible_expenses

Investment in equity capital in community-based enterprises in Manitoba
Corporate shares acquisition
Other eligible expenses related to approved corporations

grant_eligibility_criteria|zone

This grant is available to companies located specifically in Manitoba, as determined by the funding body's regional focus. The program is designed to support community-based enterprises within the province.

Companies must be located and operate within the province of Manitoba, Canada.

grant_single_labels|criteria

There are evaluation and selection criteria for the Community Enterprise Development Tax Credit. The criteria include the following:

Corporation must be pre-approved to issue shares and meet specific requirements.
Investors can acquire equity in community-based enterprises in Manitoba.
There is no minimum investment requirement, but each investor is limited to 10% of the total tax credit issuance.
Corporations must have assets used in active business under certain limits.
Approved corporations have a lifetime limit on shares issued and investors can contribute up to $60,000 per year.

grant_single_labels|register

Here are the steps to apply for the Community Enterprise Development Tax Credit:

Step 1: Access Application Materials
- Visit the Manitoba Government's website to download the application PDF for the Community Enterprise Development Tax Credit.
Step 2: Review Application Criteria and Instructions
- Carefully read the criteria and instructions outlined in the application PDF and related documents such as The Income Tax Act (sections 11.8 to 11.12) and corresponding regulations.
Step 3: Prepare the Application
- Compile all necessary information and documents required for the application, ensuring you meet the listed criteria regarding business structure, asset levels, and employee residency.
Step 4: Submit Application
- Send your completed application to the Economic Programs Branch.
- Use the mailing address: 1010 - 259 Portage Avenue, Winnipeg, MB R3B 3P4.
- You may also contact them via email at ecdevprograms@gov.mb.ca or phone at 204-945-2475 for further submission instructions or confirmation.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The Community Enterprise Development Tax Credit is refundable, providing significant flexibility for investors looking to support community-based enterprises.
Corporations have a lifetime limit of $3 million on shares issued under the program.
Investors have an annual investment cap of $60,000, ensuring distribution among a larger pool of investors.
At least 25% of the employees of participating corporations must reside in Manitoba, reinforcing local economic growth.
Pre-approval from the government is necessary for corporations to issue shares demonstrating regulatory oversight and reduced risk for investors.