Community Enterprise Development Tax Credit Program ### 📋 Eligible Entities - Manitoba resident individuals and investors - Canadian corporations with operations in Manitoba - Approved community enterprises (social enterprises, co-operatives, community-based organizations) - Businesses operating in designated economically disadvantaged regions of Manitoba - Entities must be registered and in good standing with provincial authorities ### 💰 Funding Details - Investor Tax Credit: 45% income tax credit on investments of $60,000+ annually - Maximum annual credit: $27,000 per $60,000 invested - Enterprise Capital: Maximum $3 million in repayable capital available to approved enterprises - Repayment Terms: Capital provided as repayable loans (not grants) - No matching requirement for investor tax credits - Tax credits applied against Manitoba provincial income tax liability ### 🛠️ Approved Expenses - Working capital and operational funding - Equipment and machinery purchases - Business infrastructure development - Payroll for community-focused operations - Community service delivery programs - Job creation initiatives in underserved regions - Social enterprise development and expansion ### ⚠️ Conditions & Milestones - Minimum annual investment threshold: $60,000 - Enterprise must demonstrate community benefit and social impact objectives - Regular financial reporting and audits required for capital recipients - Repayable capital must be repaid according to negotiated loan agreements - Investors must maintain investment for minimum holding period (typically 2+ years) - Enterprises must maintain operations in Manitoba throughout funding period - Compliance with provincial employment and labor standards mandatory - Annual certification of eligible enterprise status required