Learn about local, provincial, and federal incentives which may be applicable to your development project.
LOCAL INCENTIVES
Town of Beausejour offers an Economic Development Grant ( Policy 13.2) to encourage non-profit or not for profit organizations to construct new multi-unit Senior Housing (i.e Life Lease) within Town of Beausejour boundaries.
An application approved by resolution of Council shall be entitled to a grant as follows:
- The grant can be put in place for a maximum of 5 years
- The annual grant will be equivalent to 50% of the early property taxes.
- Property taxes would be considered general municipal taxes only and not any type of Local Improvement Taxes or School Taxes.
Note: The housing project shall not be entitled to any other funding, grants or infrastructure concessions from the Town of Beausejour unless otherwise approved by Council.
For more information, contact Vee Scromeda, CAO, Town of Beausejour
E-mail: cao@townofbeausejour.com
Phone: 204-268-7553
PROVINCIAL INCENTIVES
The objective of the Economic Policy and Programs Branch is to encourage and facilitate entrepreneurial and employment opportunities within the province through the establishment of new businesses or the expansion/retention of existing Manitoba businesses.
The Branch promotes increased access to capital for industry by serving as a principal source of financial advice and assistance for businesses to expand or locate in Manitoba. In addition to delivery and administration of financial programs for the department, the Branch develops and administers a number of third party delivered pools of risk capital.
Programs
- Manitoba Works Capital Incentive
The Manitoba Works Capital Incentive encourages significant new business investment or existing business expansion by creating a competitive tax environment to help diversify Manitoba’s economy and stimulate job creation. The proponent of an approved project under the incentive receives a tax rebate of the incremental education property taxes that are generated as a result of capital investment on the approved property for a period of up to 20 years or until education property taxes are eliminated, whichever is sooner. - Innovation Growth Program
This program provides cost-sharing assistance to Small and Medium-Sized Enterprises (SMEs) to assist them in developing and commercializing new innovative products and processes. The IGP will support SMEs in the development and growth stages of the business life-cycle to reduce the risks associated with innovative product development, accelerate growth and strengthen their financial position so they can secure future funding to build their Manitoba-based business.
Tax Credits
- Community Enterprise Development Tax Credit (CEDTC)
The CEDTC provides a refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in community-based enterprises in Manitoba. - Manitoba Interactive Digital Media Tax Credit (MIDMTC)
The MIDMTC is a refundable corporate income tax credit which provides up to a 40% credit on qualified labour expenditures, and some marketing and distribution expenses, incurred in the development of eligible interactive digital media products for market. - Small Business Venture Capital Tax Credit Program (SBVCTC)
The SBVCTC provides a non-refundable Manitoba tax credit of up to 45% to individuals and corporations who acquire equity capital in eligible Manitoba enterprises. - Employee Share Purchase Tax Credit
The Employee Share Purchase Tax Credit offers employees (including directors and officers of an eligible corporation) the opportunity to buy into and own a portion of a business under an Employee Share Ownership Plan. - Complete List of Corporate Tax Credits
A one-stop portal for non-profit organizations to access a variety of government grants. Manitoba Grants Online currently features grant offerings from four departments - Municipal Relations, Agriculture, Sustainable Development and Sport, Culture and Heritage. Please visit this site in the future for access to even more grants from other departments as they join the portal.
The Young Entrepreneurs Program encourages Manitoba’s young people to start their own full-time, viable businesses, and in the process pursue self-employment as a career choice. Applications are accepted on a year-round basis from youth aged 18 to 29 years. Under the Young Entrepreneurs program, approved applicants are eligible for a grant of up to $4,000 to help defray business start-up costs and capital expenditures.
FEDERAL INCENTIVES
Scientific Research and Experimental Development Tax Incentive Program
The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program that encourages Canadian businesses of all sizes, in all sectors, to do research and development in Canada.
For more information on SR&ED, visit Canada Revenue Agency's website.
Canadian Film or Video Production Tax Credit Program
The primary objective of the Canadian Film or Video Production Tax Credit (CPTC) is to encourage Canadian programming and to stimulate the development of an active domestic independent production sector. The CPTC program gives a tax credit to qualified corporations producing Canadian film or video productions. Canadian control requirements ensure that the incentive is available only to Canadian-controlled companies.
For more information on CPTC, visit Canada Revenue Agency's website.
Film or Video Production Services Tax Credit Program
Under the Film or Video Production Services Tax Credit (PSTC), the federal government provides incentives to stimulate job growth by encouraging Canadians as well as foreign-based film producers to employ the services of Canadians.
For more information on PSTC, visit Canada Revenue Agency's website.
Canada Export Community Investment (CECI)
As one of the many tools deployed by the Government of Canada to increase prosperity, the CanExport Community Investments program provides financial support to communities for their foreign direct investment (FDI) initiatives and activities.
The program provides support to Canadian communities seeking to improve their capacity to attract, retain and expand FDI in order to create jobs for Canadians, support innovation and increase exports.
For the purposes of the program, FDI refers to international businesses establishing or expanding operations in Canada. The program does not fund initiatives related to mergers and acquisitions, investments from other parts of Canada, trade or export. The program supports non-profit partnerships at the local community level. The initiatives supported by the program must focus on supporting the attraction, retention, and expansion of foreign direct investment through specific types of activities. Non-repayable contributions range from $3,000 to $500,000, and agreements are made for a one-year period, from January 1 to December 31. The program provides reimbursement of up to 50 percent of eligible expenses. If an applicant accesses other federal government support, the total federal support cannot exceed 50 percent.
Aboriginal Business and Entrepreneurship Development
ABED works with Aboriginal entrepreneurs and its partners to provide a range of services and supports that promote the growth of a strong Aboriginal business sector in Canada. Support will vary depending upon the needs of the client, the availability and sources of funding, the eligibility of costs, the economic benefits, and the project viability. ABED can help Aboriginal entrepreneurs, communities, and organizations to achieve their business goals.
AgriInvest
You can deposit up to 100% of your Allowable Net Sales annually, with the first 1% matched by governments. The maximum Allowable Net Sales you can have in a year is $1 million. Based on this limit, the maximum matchable deposit you can make annually is $10,000.
Apprenticeship Job Creation Tax Credit
- In the first 2 years of an apprenticeship program registered with the government
- In a trade like those listed under the Red Seal Trades
- Working towards getting a certificate or license in that trade
You can carry any unused credit back 3 years or carry it forward 20 years.
Canada Job Grant
Canada Summer Jobs
More Information Click Here
Funding and Support Programs to do International Business
Take advantage of the numerous funding and support programs offered by the Trade Commissioner Service. We help Canadian companies take their business to the next level by providing financial support, matching them with potential foreign partners, and helping them to pursue partnership and commercialization opportunities in new markets. We also offer programs to support community investment, associations, and specific entrepreneur groups, such as the Business Women in International Trade program.
CareerFocus
- increase the supply of highly qualified workers;
- facilitate the transition of highly-skilled young people to a rapidly changing labour market;
- promote the benefits of advanced studies; and,
- demonstrate federal leadership by investing in the skills required to meet the needs of the knowledge economy
The Program is part of the Youth Employment Strategy, a horizontal initiative involving eleven federal departments and agencies.
Industrial Research Assistance Program (IRAP)
Opportunities Fund for Persons with Disabilities
Scientific Research and Experimental Development Tax Incentive Program (SR&ED)
Strategic Innovation Fund
Western Innovation (WINN) Initiative
Youth Employment Program
Growing Forward 2
Growing Forward 2 is a five-year agricultural policy framework agreement among federal-provincial-territorial governments. It is the foundation for coordinated government action to help the agriculture and agrifood sectors become more profitable, competitive and innovative. Funding is available to agribusinesses through a variety of grants, including assurance, competitiveness, innovation, and commercialization.
Community Enterprise Development Tax Credit Program
This program encourages Manitoban resident investors or eligible corporations to invest in specific community enterprises or in community development investment pools in their communities. Investors receive a 45% income tax credit on a maximum annual investment of $60,000 (up to $27,000 in tax credits).
Self-Employment Program
The program provides participants with the training and supports necessary to start a business by offering business planning, self-employment /entrepreneurial skills training (may include classroom instruction) and individual consulting. Participants of the program are eligible for up to 52 weeks of training and business supports with up to 39 weeks of income support.