Community Enterprise Development (CED) Tax Credit Program

PURPOSE OF PROGRAM
To encourage Manitobans to invest in enterprises in their communities by providing a tax incentive, while providing community-based enterprises with access to equity capital. 

Eligibility Criteria

• Manitobans looking to invest up to a maximum of $30,000 annually.
• Approved enterprises with net and gross assets of $10 million and $25 million or less respectively and no more than 200 employees (at least 25% residing in Manitoba).
• Excludes professional practices, enterprises involved in primary industries, mineral exploration, recreational/seasonal activities, or commercial property development.

AVAILABLE BENEFITS/ASSISTANCE

• Investors receive a 30% personal income tax credit on a maximum annual investment of $30,000 (up to $9,000 in tax credits).
• Eligible enterprises receive a maximum of $1,000,000 in repayable capital.
• Projects requiring larger amounts of capital may be considered on a case-by-case basis.

FURTHER INFORMATION
Community and Business Development (REDI)

Manitoba Contact(s):
Economic Development Initiatives
Manitoba Agriculture, Food and Rural Initiatives
915 - 401 York Avenue
Winnipeg, Manitoba  R3C 0P8
Telephone: 204-945-2157
Fax: 204-948-2362
Toll-free (information): 1-800-567-7334
TTY (hearing impaired): 204-945-4796
Web site: http://www.gov.mb.ca/agriculture/index.shtml