Programs and Incentives
Small Business Venture Capital Tax Credit
The Small Business Venture Capital Tax Credit (SBVCTC) provides a non-refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in eligible Manitoba enterprises. The program targets Manitoba companies that want to raise equity from higher net worth individuals, with a minimum investment of $10,000 per investor. Corporations must be pre-approved to issue shares and must demonstrate that they are:
- A Canadian Controlled Private Corporation (CCPC) with a permanent establishment in Manitoba;
- Assets are used in active business;
- Revenue generated from active business;
- At least $25,000 cash equity already invested;
- A small business with:
- Annual revenue less than $15 million; or
- Less than 100 full-time equivalent employees
- At least 25% of employees reside in Manitoba; and
- Not a Reporting Issuer.
Approved corporations have a $10 million lifetime limit on shares issued.
Investors can invest a maximum of $500,000 per company.
For more information:
- Program Guidelines (PDF)
- Application (PDF)
- Information on Start Up Letter for New Companies (PDF)
- The Income Tax Act (Manitoba) – sections 11.13 to 11.17
- Regulation to The Income Tax Act – Small Business Venture Capital Tax Credit
Available in alternate formats upon request.
Submit applications to:
Economic Programs Branch
1010 - 259 Portage Avenue
Winnipeg, MB R3B 3P4
General Email: ecdevprograms@gov.mb.ca
General phone number: 204-945-7343
