Tax Credit
Manitoba Employee Share Purchase Tax Credit
The Employee Share Purchase Tax Credit offers support to current employees (including directors and officers) of an eligible corporation, to buy in and own a portion of a business. The aims are to support business growth, to facilitate succession planning for family businesses, and to promote employee participation.
- 4.5/5.0
- Canada Revenue Agency (CRA)
- All levels
- Last updated 3 years ago
- English
Description
The Employee Share Purchase Tax Credit offers support to current employees (including directors and officers) of an eligible corporation, to buy in and own a portion of a business. The aims are to support business growth, to facilitate succession planning for family businesses, and to promote employee participation.- The Employee Share Purchase Tax Credit offers support to current employees (including directors and officers) of an eligible corporation, to buy in and own a portion of a business. The aims are to support business growth, to facilitate succession planning for family businesses, and to promote employee participation. Those who buy shares from a registered employee share ownership plan qualify for the partially refundable 45 percent tax credit.