Paid Work Experience Tax Credits
MN, Canada
Wage subsidy for trainees working in Manitoba
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
- Health care and social assistance
- Public administration
grant_single|grantors
- Government of Manitoba
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a wage subsidy of 15 to 25% (maximum $5,000 per trainee) for providing paid work and on-the-job training opportunities for high school and post-secondary co-op students, graduates and apprentices.
grant_single_labels|terms_and_conditions
The Paid Work Experience Tax Credits provide employers in Manitoba with financial incentives to hire and train students and recent graduates. The modalities are designed to maximize employment opportunities while supporting businesses in the province.
- Tax credits are fully refundable and claimed in the fiscal year they are earned.
- Applies to a percentage of wages and salaries paid, with specific caps per student or apprentice.
- Credits are calculated net of other government funding for the remuneration.
- Different rates and caps for high-school apprentices, post-secondary co-op students and graduates.
- Enhanced rates for rural and northern apprenticeships.
- The total maximum tax credit for hiring an apprentice through levels and two years post-certification is $35,000.
grant_single_labels|projects
The Paid Work Experience Tax Credits provide incentives for employers to offer structured work placements and hiring opportunities to various categories of students and graduates in Manitoba. These activities aim to enhance workforce participation and skill development.
- Placement of high school students in registered vocational programs offering paid work experience.
- Hiring of high school apprentices for workforce training.
- Placement of post-secondary co-op students linked to their studies.
- Hiring of post-secondary co-op graduates for permanent employment in Manitoba.
- Providing apprenticeships for trainees in both Red Seal and non-Red-Seal trades.
- Incentives for hiring newly certified journeypersons.
grant_single|admissibleProjectsExample
$ 50,000
Develop energy-efficient solar panels for residential use
$ 20,000
Install energy-efficient HVAC systems in a community center
$ 125,000
Introduce robotic machinery in a manufacturing facility
$ 75,000
Establish a wind turbine manufacturing facility
$ 37,500
Upgrade a food processing plant with new energy-efficient equipment
$ 87,500
Expand biomass energy production with new equipment
grant_single_labels|admissibility
Eligibility for the various corporate tax credits in Manitoba is determined by specific criteria related to the company's industry, location, and activities.
- For the Manufacturing Investment Tax Credit, the company must acquire qualified plant, machinery, and equipment for first-time use in manufacturing or processing in Manitoba.
- For the Film and Video Production Tax Credit, the company must produce eligible films in Manitoba, with eligible salaries paid to Manitoba residents and qualifying non-resident employees.
- For the Book Publishing Tax Credit, the company must be engaged primarily in the business of publishing books and have a permanent establishment or be resident in Manitoba.
- For the Cultural Industries Printing Tax Credit, the company must be a Manitoba printer with eligible salary or wages to employees engaged in book printing.
- For the Research and Development Tax Credit, the company must carry out scientific research and experimental development in Manitoba with a permanent establishment in the province.
- For the Paid Work Experience Tax Credits, the employer must hire certain types of trainee employees and recent graduates working in Manitoba, including co-op students and apprentices.
- For the Green Energy Equipment Tax Credit, the company must be involved in the production and purchase of machinery and equipment used to generate renewable energy in Manitoba.
- For the Child Care Centre Development Tax Credit, the company must create new child care centres with licensed spaces for infants or preschool children in workplaces.
grant_eligibility_criteria|who_can_apply
The Corporate Tax Credits in Manitoba have specific eligibility requirements based on the type of credit being applied for. Generally, eligibility can include businesses across various sectors, such as manufacturing, film production, digital media, book publishing, cultural printing, research and development, green energy, and child care development. These programs are available to corporations and businesses operating in Manitoba that meet the defined criteria for each credit. For precise eligibility requirements, applicants must consider the specific guidelines provided for each tax credit program.
grant_eligibility_criteria|who_cannot_apply
There are no explicit restrictions or excluded companies detailed in the context provided for this tax credit program. The eligibility criteria focus on positive conditions rather than exclusions.
grant_eligibility_criteria|eligible_expenses
Several tax credits in Manitoba support a range of projects and activities, especially in the manufacturing, film, cultural, and clean energy sectors. These credits provide financial incentives for businesses to enhance their operations and contribute to the economic development of Manitoba.
- Acquisition of plant, machinery, and equipment for manufacturing or processing purposes.
- Production and development of eligible film and video projects in Manitoba.
- Publishing of books that meet specific creative and environmental criteria.
- Implementation of research and development projects within the province.
- Creation of paid work experiences for students and apprentices.
- Purchase and installation of renewable energy and energy-efficient equipment.
- Development of childcare centers by corporations.
grant_eligibility_criteria|zone
This grant is administered in Manitoba by the province's relevant departments, making it specific to businesses operating within this Canadian province.
- Businesses and entities operating in Manitoba, Canada.
grant_single_labels|criteria
There are specific evaluation and selection criteria for this grant.
- Applicants must demonstrate that the acquired property is for first-time use in manufacturing or processing in Manitoba.
- Corporations must meet residency and production requirements as outlined in the program guidelines.
- Qualified equipment must fall under eligible classes for tax credit consideration.
- Applications should include complete and accurate documentation of the acquisition and use of qualified property.
- Applicants should adhere to program deadlines and reporting requirements.
grant_single_labels|register
- Step 1: Identify Eligibility
- Determine the specific tax credit program applicable to your business needs (e.g., Manufacturing Investment Tax Credit, Film and Video Production Tax Credit).
- Review the eligibility criteria stipulated by the applicable credit program.
- Step 2: Gather Documentation
- Collect all necessary financial documents, invoices, and receipts that support your eligibility and claim.
- Prepare detailed records of any eligible expenditures or investments.
- Step 3: Complete the Application
- Fill out the application form provided by the Manitoba Tax Assistance Office or relevant administering agency.
- Ensure all information is accurate and all sections are completed as required.
- Step 4: Submit the Application
- Submit the completed application form along with all required documentation to the Manitoba Tax Assistance Office.
- You can submit the application by email, fax, or mail as per the instructions provided.
- Step 5: Await Confirmation
- Receive confirmation of receipt of your application from the agency.
- Follow up for any additional information requests or updates on your application status.
grant_single_labels|otherInfo
Here are additional relevant details for this tax credit program:
- The program allows for carry-forward of unused tax credits up to ten years, providing flexibility when the corporation doesn't have enough taxable income to fully utilize the credit in the year it is earned.
- An income tax election option is available, allowing taxpayers to renounce the Manufacturing Investment Tax Credit partially or fully, if needed.
- The program is administered by the Canada Revenue Agency on behalf of Manitoba, indicating a streamlined procedure through federal tax administration channels.
- Eligible equipment includes those used to produce energy from renewable sources and energy-efficient equipment, under class 43.1 of the Income Tax Act, indicating an emphasis on sustainable practices.
grant_single_labels|contact
explore@mbfilmmusic.mb.ca
204-948-2115