Manitoba Works Capital Incentive

Overview of the Manitoba Works Capital Incentive program:

How does the Incentive work? The Manitoba Works Capital Incentive can be made available to a new or existing business interested in expanding in the province if: The proponent company makes a minimum capital investment of $10M to a specific property; A minimum of 65% of total project costs are from private sources; and There is demonstrable potential to create and/or maintain a minimum of 10 jobs in the province or the new business activity has a substantial and measureable net economic benefit to the province. If the proponent company meets the above criteria, upon application they are considered for a rebate of the incremental education-related property taxes that are generated as a result of the capital investment on a property for a period up to 20 years, or until the education property tax is eliminated. Having an incremental tax rebate designation on a piece of property does not reduce or limit government’s ability or authority to eliminate the education property tax on that, or any, property in Manitoba. Budget 2023 announced that education property taxes on all commercial properties retain a 10% rebate in tax year 2023. Residential properties receive a 50% rebate in 2023. The Manitoba Works Capital Incentive continues to be offered during the education property tax phase out period. New proposals continue to be reviewed and assessed against the Incentive’s criteria.

Benefits of the Manitoba Works Capital Incentive program:

• Advances Economic Growth
• A strong Return on Investment
• Drives further development and job creation
• Assists popost-COVID-19 economic recovery and adaptation
• Team Manitoba Approach
• Collaborate across government and with regional partners to align with regional/industry growth strategies
• Minimal Risk for Taxpayer Dollars
• The Province does not pay the tax rebate unless and until taxes are collected
• The Province only pays what is collected over a set number of years
• Supports Key Sectors
• Advanced Manufacturing Aerospace Agribusiness Creative Industries Education Energy and Environment Financial Services Furniture and Building Products Information and Communication Technologies Life Sciences and Biotechnology Mining and Minerals Tourism Transportation and Distribution