Community Enterprise Development Tax Credit Program

Amount

Varies

Deadline

Rolling

Odds

Not published

Effort

1-2 days

Can you get this?

✓Open to individuals and corporations investing

✓Issuing corporation must be cooperative or taxable Canadian corporation

✓Net assets under $10M, gross assets under $25M

✓Fewer than 200 FTE employees, 25% Manitoba residents

✓Assets must be used in active business

Your real odds

No public acceptance rate exists, but corporate pre-approval is the real gating step, so eligibility is where most applicants either qualify or don't.

The program sets a $3M lifetime cap per approved corporation on shares issued, and individual investors are capped at $60,000 per year and 10% of total issuance, so the available pool is deliberately small. Contact the Economic Programs Branch directly for current demand and wait times.

What it takes

Confirm your corporation meets all eligibility criteria (asset size, employee count, Manitoba residency rules)1-2 days

Complete and submit the pre-approval application to the Economic Programs Branch1-2 weeks to prepare

Receive approval and issue shares to investors within program limitsVaries by review timeline

Worth knowing

The tax credit is refundable, meaning investors receive it even if they owe no Manitoba tax, which widens your potential investor pool beyond those with a provincial tax liability.

Apply on funder's site →

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