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Community Enterprise Development (CED) Tax Credit Program
November 2008
Programs and Services
Community Enterprise Development (CED) Tax Credit Program
PURPOSE OF PROGRAM/SERVICE
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.
WHO QUALIFIES
- 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)
WHO TO CONTACT
Economic Development Initiatives Knowledge Centre
915-401 York Avenue
Winnipeg, Manitoba R3C 0P8
Phone: (204) 945-2157 or 1-800-567-7334
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