financial incentives & tax credit programs
Funding and tax programs help businesses lower costs and invest in growth by supporting hiring, training, and workforce development. These incentives can offset expenses related to recruitment and skills training, while encouraging businesses to build long-term capacity.
Employee Share Purchase Tax Credit
The Employee Share Purchase Tax Credit offers employees the opportunity to buy into and own a portion of a business. This occurs through an Employee Share Ownership Plan (ESOP). The aim of the program is to support business growth, facilitate succession planning, and promote employee participation. Those who buy shares from a registered ESOP will qualify for a partially refundable 45 percent tax credit.
Paid Work Experience Tax Credits
The Paid Work Experience family of tax credits provides qualified employers with a percentage of the wages and salaries. It provides a percentage of wages and salaries for eligible employees and recent graduates working in Manitoba. Employers calculate wages and salaries net of other government funding. Eligible employers include taxable corporations and exempt corporate entities. These include not-for-profit agencies, Manitoba Crown entities, municipalities, universities, schools, and hospitals. These employers claim the fully refundable credit in the year they earn it. Unincorporated employers claim the refundable credit on their individual income tax return. All components of this credit remain fully refundable.
The government has significantly enhanced and expanded the Co-op Student Hiring Incentive and high school apprentice component. This supports paid work and on-the-job training opportunities for students. Eligibility includes employers who hire students in registered high school vocational programs not connected to apprenticeship systems. These include programs in areas like health care, childcare, business, and hospitality. This new stream provides a refundable tax credit of 25% of eligible wages and salaries. The lifetime maximum is $5,000 per student.
Apprenticeship Job Creation Tax Credit
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable investment tax credit (ITC). It equals 10% of eligible salaries and wages payable to eligible apprentices. It applies to employment after May 1, 2006. The maximum credit is $2,000 per employer each year for each eligible apprentice. Employers can claim the credit when they hire eligible apprentices.
Employee Share Purchase Tax Credit
Manitoba has the most competitive tax credit in Canada and one of the most competitive tax credits found globally.
The Manitoba Film and Video Production Tax Credit offers eligible applicants up to 65% with the Cost-of-Salaries Tax Credit (including bonuses). It can also offer up to 38% on all eligible Manitoba expenditures with the Cost-of-Production Tax Credit (including bonus).
financial incentives & tax credit programs
Funding and tax programs help businesses lower costs and invest in growth by supporting hiring, training, and workforce development. These incentives can offset expenses related to recruitment and skills training, while encouraging businesses to build long-term capacity.
Employee Share Purchase Tax Credit
The Employee Share Purchase Tax Credit offers employees the opportunity to buy into and own a portion of a business. This occurs through an Employee Share Ownership Plan (ESOP). The aim of the program is to support business growth, facilitate succession planning, and promote employee participation. Those who buy shares from a registered ESOP will qualify for a partially refundable 45 percent tax credit.
Paid Work Experience Tax Credits
The Paid Work Experience family of tax credits provides qualified employers with a percentage of the wages and salaries. It provides a percentage of wages and salaries for eligible employees and recent graduates working in Manitoba. Employers calculate wages and salaries net of other government funding. Eligible employers include taxable corporations and exempt corporate entities. These include not-for-profit agencies, Manitoba Crown entities, municipalities, universities, schools, and hospitals. These employers claim the fully refundable credit in the year they earn it. Unincorporated employers claim the refundable credit on their individual income tax return. All components of this credit remain fully refundable.
The government has significantly enhanced and expanded the Co-op Student Hiring Incentive and high school apprentice component. This supports paid work and on-the-job training opportunities for students. Eligibility includes employers who hire students in registered high school vocational programs not connected to apprenticeship systems. These include programs in areas like health care, childcare, business, and hospitality. This new stream provides a refundable tax credit of 25% of eligible wages and salaries. The lifetime maximum is $5,000 per student.
Apprenticeship Job Creation Tax Credit
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable investment tax credit (ITC). It equals 10% of eligible salaries and wages payable to eligible apprentices. It applies to employment after May 1, 2006. The maximum credit is $2,000 per employer each year for each eligible apprentice. Employers can claim the credit when they hire eligible apprentices.
Manitoba Film & Video Production Tax Credit
Manitoba has the most competitive tax credit in Canada and one of the most competitive tax credits found globally.
The Manitoba Film and Video Production Tax Credit offers eligible applicants up to 65% with the Cost-of-Salaries Tax Credit (including bonuses). It can also offer up to 38% on all eligible Manitoba expenditures with the Cost-of-Production Tax Credit (including bonus).
financial incentives & tax credit programs
Funding and tax programs help businesses lower costs and invest in growth by supporting hiring, training, and workforce development. These incentives can offset expenses related to recruitment and skills training, while encouraging businesses to build long-term capacity.
Employee Share Purchase Tax Credit
The Employee Share Purchase Tax Credit offers employees the opportunity to buy into and own a portion of a business. This occurs through an Employee Share Ownership Plan (ESOP). The aim of the program is to support business growth, facilitate succession planning, and promote employee participation. Those who buy shares from a registered ESOP will qualify for a partially refundable 45 percent tax credit.
Paid Work Experience Tax Credits
The Paid Work Experience family of tax credits provides qualified employers with a percentage of the wages and salaries. It provides a percentage of wages and salaries for eligible employees and recent graduates working in Manitoba. Employers calculate wages and salaries net of other government funding. Eligible employers include taxable corporations and exempt corporate entities. These include not-for-profit agencies, Manitoba Crown entities, municipalities, universities, schools, and hospitals. These employers claim the fully refundable credit in the year they earn it. Unincorporated employers claim the refundable credit on their individual income tax return. All components of this credit remain fully refundable.
The government has significantly enhanced and expanded the Co-op Student Hiring Incentive and high school apprentice component. This supports paid work and on-the-job training opportunities for students. Eligibility includes employers who hire students in registered high school vocational programs not connected to apprenticeship systems. These include programs in areas like health care, childcare, business, and hospitality. This new stream provides a refundable tax credit of 25% of eligible wages and salaries. The lifetime maximum is $5,000 per student.
Apprenticeship Job Creation Tax Credit
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable investment tax credit (ITC). It equals 10% of eligible salaries and wages payable to eligible apprentices. It applies to employment after May 1, 2006. The maximum credit is $2,000 per employer each year for each eligible apprentice. Employers can claim the credit when they hire eligible apprentices.
Manitoba Film & Video Production Tax Credit
Manitoba has the most competitive tax credit in Canada and one of the most competitive tax credits found globally.
The Manitoba Film and Video Production Tax Credit offers eligible applicants up to 65% with the Cost-of-Salaries Tax Credit (including bonuses). It can also offer up to 38% on all eligible Manitoba expenditures with the Cost-of-Production Tax Credit (including bonus).