Tax Credit
Small Business Venture Capital Tax Credit Program
The SBVC tax credit program assists eligible small business corporations to issue new equity to primarily new investors.
- 4.5/5.0
- Manitoba
- All levels
- Last updated 1 month ago
- English
Description
The SBVC tax credit program assists eligible small business corporations to issue new equity to primarily new investors.- Eligible small business corporations can issue eligible shares for new equity investments of $100,000 up to a maximum of $10, 000,000. Eligible investors who purchase eligible investments are able to earn a 45% non-refundable tax credit against Manitoba taxes payable. The SBVC tax credit is not a tax benefit for the eligible corporation.