Manitoba community enterprise development tax credit
Last Update: July 22, 2025
Winnipeg, MB
Tax credit for Manitoba community enterprise development
Manitoba community enterprise development tax credit at a glance
Eligible Funding
- Max. $60,000
- Up to 45% of project cost
Timeline
- Continuous Intakes
Financing Type
Tax Credits
Eligible Industries
- Other services (except public administration)
- Public administration
Grant Providers
- Department of Agriculture
- Government of Manitoba
Status
Open
Overview of the Manitoba community enterprise development tax credit program
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.
Financing terms and conditions
- Refundable Manitoba tax credit of up to 45% of eligible equity investments.
- Maximum eligible investment per investor is $60,000 per year.
- Lifetime limit of $3 million in shares issued for approved corporations.
Eligible projects & activities
- Raising equity capital for community-based enterprises in Manitoba through share issuance.
- Facilitating investments by individuals or corporations in approved community enterprises.
Examples of admissible projects:
$ 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
Eligibility criteria of the Manitoba community enterprise development tax credit program
- The applicant must be a cooperative incorporated under The Cooperatives Act or a taxable Canadian corporation incorporated under The Corporations Act.
- The company’s assets must be used in active business operations.
- The company must have net assets under $10 million and gross assets under $25 million.
- The company must have fewer than 200 full-time equivalent employees, with at least 25% residing in Manitoba.
- The corporation must be pre-approved to issue shares under the program.
Who is eligible?
- Cooperatives incorporated under The Cooperatives Act
- Taxable Canadian corporations incorporated under The Corporations Act of Manitoba
Eligible expenses
- Investment in equity capital in community-based enterprises in Manitoba
- Corporate shares acquisition
- Other eligible expenses related to approved corporations
Eligible geographic areas
- Manitoba
Eligibility criteria of the Manitoba community enterprise development tax credit program
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.
How to apply to the Manitoba community enterprise development tax credit program
1
Confirm eligibility requirements
- Verify your company or cooperative is incorporated under the appropriate Manitoba acts
- Ensure your business assets and employee numbers meet program criteria
2
Prepare application package
- Prepare the necessary corporate documents and business plan
- Complete the application form provided by the Economic Programs Branch
3
Submit your application
- Submit the application and all supporting documents to the Economic Programs Branch
- Ensure submission is sent to the specified address or email
4
Wait for approval
- Wait for review and pre-approval from the Economic Programs Branch
- Respond promptly to any requests for additional information
5
Issue shares and receipts
- Upon approval, issue eligible shares to investors
- Provide T2CEDTC receipts to investors for eligible investments
Additional information
- The tax credit is refundable, meaning it can result in a cash refund if it exceeds taxes owed.
- The program has become a permanent fixture within Manitoba's tax credit offerings.
- The T2CEDTC (MAN.) receipt issued for the investment features a unique serial number provided by the Manitoba government.
- Program documents and applications are available in alternate formats upon request.
Contact Department of Agriculture
ecdevprograms@gov.mb.ca
204-945-7343
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