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Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC)
New-investment small business tax credit in Manitoba
Last Update: April 10, 2026
Funding available
$ 10,000 - $ 500,000
Timeline
- Open continuously
Location
Manitoba, Canada
Overview
Through this program, small businesses can offset the costs of issuing new equity investments of $100,000 to $10 million.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 500,000 $
- Minimum amount : 10,000 $
- Up to 45% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Manitoba
Legal structures
- For-profit business
Annual revenue
- $ 15,000,000 maximum revenue
Organisation size
- 100 employees maximum
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant supports small businesses in Manitoba by providing tax incentives for investments in eligible enterprises. The program aims to encourage equity investment which fosters growth and sustainability in the local business landscape.
- Equity investments in Canadian Controlled Private Corporations (CCPC) with active business operations in Manitoba.
- Supporting small businesses with annual revenue of less than $15 million or fewer than 100 employees.
Eligibility
Who is eligible?
The Small Business Venture Capital Tax Credit is designed for investors who wish to invest in eligible Manitoba companies. Eligible companies must meet specific criteria, primarily being Canadian Controlled Private Corporations with a permanent establishment in Manitoba.Who is not eligible
Yes, certain types of companies are not eligible for this grant.
An applicant whose principal business activity falls into any one of specific activities will not be considered eligible to participate in the SBVC program:
- Professional services that are regulated by a governing body which is established under an Act of the Legislature
- Providing management, administrative, financial or other similar services
- Leasing, developing or selling real property
- Exploring for, developing or processing mineral, oil or gas resources
- Farming, except for commercial crop production in a climate controlled environment, fishing, hunting, or similar activity but NOT processing products from these activities
- Holding, operating or granting franchises
- Operating a restaurant, lounge, bar or similar establishment, except for brewpubs
- Performing arts, amusement or gaming activities
- Providing educational, health care, social or other similar service
Eligible expenses
The SBVC share proceeds must be used within the holding period (three years from the date shares issued) for the purposes approved in the application. The SBVC share proceeds cannot be used for any of the following purposes:
- To invest outside Manitoba
- To lend to others
- To pay for a business re-organization
- To pay a dividend or return capital to a shareholder
- To pay an amount owing to a shareholder, an affiliate, or a person related to a shareholder or affiliate
- To purchase, develop or maintain land or equipment for sports
- To support an ineligible activity
- To support an activity that does not promote economic development or is contrary to public policy
Eligible geographic areas
This program is targeted at companies in Manitoba. All companies must have a permanent establishment in Manitoba to be eligible.
- Companies with a physical location in Manitoba.
Additional information
The program's information includes details about required submissions, eligibility criteria, and penalties for non-compliance.
- Applications for the SBVC tax credit program can be submitted online or via email.
- An application must include recent annual financial statements, income tax return, notice of assessment, terms and conditions for shares, and a description of proposed use of proceeds.
- The program requires a minimum investment of $10,000 per investor while the maximum investment eligible for the tax credit is $500,000 per company.
- The tax credit is non-refundable and can be carried forward for up to ten years or back for three years.
- Shares must be held for a minimum of three years, during which prohibited uses include investing outside Manitoba or paying dividends to shareholders.
- Certain business activities such as professional services, leasing, and farming are ineligible for the program.
- Approved applicants must file an annual information return including financial statements and a questionnaire for program effectiveness evaluation.
Contacts
Frequently Asked Questions about the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) Program
Here are answers to the most common questions about the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC)?
Through this program, small businesses can offset the costs of issuing new equity investments of $100,000 to $10 million.
How much funding can be received?
Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) Funds up to 45% of admissible expenses, capped at $500,000 per project.
Who is eligible for the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) program?
To be eligible for the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) program, you must:
The corporation must be a Canadian Controlled Private Corporation (CCPC) with a permanent establishment in Manitoba.
Must be a small business with annual revenue less than $15 million or fewer than 100 full-time equivalent employees.
At least 25% of employees must reside in Manitoba.
What expenses are eligible under Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC)?
This grant supports small businesses in Manitoba by providing tax incentives for investments in eligible enterprises. The program aims to encourage equity investment which fosters growth and sustainability in the local business landscape. Equity investments in Canadian Controlled Private Corporations (CCPC) with active business operations in Manitoba.
Supporting small businesses with annual revenue of less than $15 million or fewer than 100 employees.
Who can I contact for more information about the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC)?
You can contact Government of Manitoba by email at ecdevprograms@gov.mb.ca or by phone at 204-945-2475.
Where is the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) available?
The Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) program is available the province of Manitoba.
Is the Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) a grant, loan, or tax credit?
Manitoba Small Business Venture Capital Tax Credit Program (SBVCTC) is a Tax Credits