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Manitoba 2014 Budget
Canadian Tax and
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Mineral Exploration Tax Credit was set to expire after March
2015. It will be extended to cover flow-through share agreements
entered into before April 1, 2018.
Community Enterprise Development Tax Credit is being enhanced by the
following changes will take effect for eligible shares issued after
tax credit rate increased by 50% from 30% to 45%
maximum annual shares an investor can acquire is doubled from
$30,000 to $60,000
the tax credit will be made fully refundable
corporations with permanent establishment in Manitoba and who
pay at least 25% of their payroll to Manitoba residents will be
eligible to acquire tax creditable shares
maximum eligible shares an approved company can issue under the
program is tripled from $1 million to $3 million
the tax credit is extended to 2020
the above changes will result in a maximum annual tax credit of
$27,000, increased from $9,000
Manitoba Green Measure
Commencing January 1, 2014, petroleum coke used in Manitoba is subject
to a new Emissions Tax equal to $10 per tonne of carbon-dioxide-equivalent
The Emissions Tax on Coal was introduced commencing January 1,
2012. The ban on using coal and petroleum coke for space and water
heat is in effect January 1, 2014. A grace period up to July 1, 2017
may be granted upon application.
Manitoba Business Measures
Manufacturing Investment Tax Credit was set to expire on December
31, 2014. It will be extended to December 31, 2017.
Book Publishing Tax Credit was set to expire on December 31,
2014. It will be extended to December 31, 2017.
Cultural Industries Printing Tax Credit definition of an eligible
book will be amended:
maximum credit is capped at $30,000 per book title
at least 90% of a book must be new material that has not been
if the book contains pictures and is not a children's
book, the ratio of the amount of text to pictures in the book is
at least 65%; and
the printer must demonstrate that the book is for sale through
an established distributor.
Co-op Education and Apprenticeship Tax Credits will be extended
indefinitely instead of expiring on December 31, 2014. The
credit will also be significantly enhanced for each employer for
taxation years ending after 2014.
Small Business Venture Capital Tax Credit is being enhanced for
eligible shares issued after 2014:
tax credit increased by 50% from 30% to 45%
lifetime limit in tax creditable shares an approved corporation
can issue is doubled to $10 million
maximum annual tax credit claimable by an investor increased by
50%, from $45,000 to $67,500
an existing shareholder who has less than 35% equity in a
company, increased from less than 10%, is eligible to purchase tax
the above changes will result in a maximum tax credit earned by
an investor when investing in a company being increased by 50%,
from $135,000 to $202,500
Odour Control Tax Credit, scheduled to expire on December 31, 2014,
will be extended to December 31, 2017
All budget measures are subject to legislative approval.
For complete budget information, see the following on the Manitoba