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ARTICLE · 01 JUNE 2020

Tax Credits And Programs: Manitoba Works Capital Incentive

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On May 16, 2020, the Province of Manitoba announced a new tax increment financing program called the Manitoba Works Capital Incentive (the "MWCI").

CanadaTax
Maria A. Penner
Maria A. Penner
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On May 16, 2020, the Province of Manitoba announced a new tax increment financing program called the Manitoba Works Capital Incentive (the "MWCI").

The MWCI will offer rebates of incremental education-related taxes on a specifically identified property, calculated by assessing the difference between the amount of property tax revenue generated pre-development to the amount of property tax revenue generated post-development. These rebates are intended to encourage advances in economic growth and development, assist with post COVID-19 economic recovery and adaptation and drive further development and job creation.

Eligibility Requirements

A new or existing business interested in expanding within the Province of Manitoba may apply for MWCI if:

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