Biggins Lacy Shapiro & Company, LLC

Manitoba Economic Development Incentive and Financing Programs

TAX INCENTIVES

Canada-Manitoba Job Grant: Eligible employers may apply for up to $10,000 for each individual worker to assist with training costs. Employers that receive funding under the Canada-Manitoba Job Grant must contribute a minimum of one-third of the eligible training costs. With the maximum government contribution of $10,000, this means that up to $15,000 is available, per person, for eligible training costs.

Industry Expansion: The program assists companies by contributing to their investment in skills training for employees. Support under this program is custom-prepared on a client-by-client basis. The amount of funding assistance provided is based on the creation and maintenance of quality jobs and the economic benefit to Manitoba resulting from these new employment opportunities.

Tax Credits

Manitoba Film and Video Production Tax Credit: Receive up to 65% with the Cost-of-Salaries Tax Credit (including bonuses) OR 30% on all eligible Manitoba expenditures with the Cost-of-Production Tax Credit. 

Manitoba Green Energy Equipment Tax Credit: Geothermal heating equipment is eligible for a maximum 15% credit and solar thermal heating equipment is eligible for a 10% credit. Biomass fuel energy equipment, installed in Manitoba and used in a business, has become eligible for a 15% credit.

Manitoba Interactive Digital Media Tax Credit: Companies can qualify to claim either a 40% or 35% tax credit on eligible project costs they incur and pay to develop an eligible interactive digital media product in Manitoba.

Manitoba Manufacturing Investment Tax Credit: Partially-refundable investment tax credit equivalent to 8% of eligible property. The tax credit is 88% refundable and can be used against the provincial corporate income tax.  Unused credits have a 10-year carry-forward available and a three-year carry-back.  

Manitoba Research and Development Tax Credit: Refundable tax credit available to qualifying companies for up to 50% of eligible research and development activities through federal (35%) and provincial (best in Canada of up to 15%) incentives.

Small Business Venture Capital Tax Credit: Eligible small business corporations can issue eligible shares for new equity investments of $100,000 up to a maximum of $10 Million. Eligible investors who purchase eligible shares are able to earn a 45% non-refundable tax credit against Manitoba taxes payable. 

Funding

National Research Council Canada (NRC) Industrial Research Assistance Program (IRAP): Provides financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation. The program includes advisory services, funding, networking/linkages, and youth employment assistance.

Canadian Agricultural Partnership - Ag Action Manitoba: Five-year program with $176 million in available funds for farmers, agro-processors, industry organizations, researchers and industry service providers. Programs focus on six priority areas: markets and trade; science, research and innovation; risk management; environmental sustainability and climate change; value-added agriculture and agrifood and processing; and public trust.

Last updated:  May 2019



 
Biggins Lacy Shapiro & Company, LLC
609-924-9775
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