Manitoba Small Business Venture Capital Tax Credit
45% provincial tax credit to investors who provide equity capital to qualifying Manitoba small businesses, helping startups raise capital.
About this program
The Manitoba Small Business Venture Capital Tax Credit incentivizes individuals and corporations to invest equity in eligible Manitoba small businesses by providing a 45% non-refundable provincial tax credit to investors. The annual investment ceiling is $500,000 per investor, generating up to $225,000 in tax credits. Qualifying issuer corporations must be Manitoba-controlled with active business in Manitoba, less than $25 million in assets, and not engaged in prohibited industries. The credit improves startup access to capital by making investments in Manitoba SMEs more attractive to local investors.
Eligibility
Manitoba-controlled corporations with active business in Manitoba; under $25 million in total assets; not engaged in prohibited industries (financial services, real estate development, etc.); registered as a qualifying issuer with the province; investors are individuals or corporations purchasing eligible equity shares.
Requirements
- Manitoba-controlled corporation status
- Active business in Manitoba
- Total assets under $25M