Updated August 2026 · Verified against Province of Manitoba guidelines
✓ First-Timer Friendly Tax Credit Offset
Tax Credit Provincial Active

Manitoba Small Business Venture Capital Tax Credit (SBVCTC)

Province of Manitoba
Maximum Credit
45% of eligible costs
Open (extended to December 31, 2028)
Visit Official Program →
Difficulty
Easy
Payment
Tax Credit Offset
Trend
Stable
First-Timers
Friendly ✓
Credit rate
45%
Manitoba Small Business Venture Capital Tax Credit (SBVCTC) provides up to 45% tax credit to investors ($5K min, $500K max per company; businesses can raise up to $10M). 45% non-refundable tax credit for investors in eligible Manitoba small businesses. Open (extended to December 31, 2028).
Eligibility check

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Eligibility & Details

What this program funds and who can apply

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Program Description

45% non-refundable tax credit for investors in eligible Manitoba small businesses. Minimum investment of $5,000 (lowered from $10,000 effective April 15, 2026), maximum $500,000 per company. Eligible businesses can raise up to $10M through the program. Extended to December 31, 2028.

Eligibility Requirements

  • Canadian-controlled private corporation (CCPC) with permanent establishment in Manitoba
  • Less than $15M in annual revenue OR fewer than 100 full-time equivalent employees, counting the company and its affiliates combined
  • 25%+ of employees located in Manitoba
  • At least $25,000 in cash equity already invested in the company (previous share purchase, or stated capital of at least $25,000)
  • Revenue must come from an active business and company assets must be used in an active business
  • Investors: minimum $5,000 investment (lowered from $10,000 effective April 15, 2026), maximum $500,000 per company
Provinces
Industries
All
Business Stage
Startup Growth Expansion

Quick Assessment

Difficulty
Easy
Competition
Low
First-Timer
Friendly

Funding Details

Amount
45% tax credit to investors ($5K min, $500K max per company; businesses can raise up to $10M)
Type
Tax Credit
Level
Provincial
Credit rate
Up to 45% of eligible costs
Deadline
Open (extended to December 31, 2028)

Program Scorecard

Competition, effort, and approval at a glance

Competition
Low
Deadline
Dec 31, 2028
Approval
Entitlement
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook

Everything you need to claim SBVCTC

Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.

$19 covers this one program. $39/mo covers every program, plus the workspace that walks you through each application.

How to claim

Insider tips, common pitfalls, and what successful applicants look like

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Insider Tip

At 45%, this is one of the most generous investor tax credits in Canada, and since April 15, 2026 an investor can come in at $5,000 rather than $10,000 — which makes a friends-and-family round far easier to assemble.

Premium See what trips up most applicants for this program — and how to avoid it.

Success Profile

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Evaluation Criteria

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Common rejection pitfalls, what successful claimants look like, and exactly what the program administrators check
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Application Playbook

Step-by-step process, required documents, and expenses

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Application Steps

1 Compile required documents: financial statements (2 years), corporate tax returns, Articles of Incorporation, business summary, share registry

Required Documents 5

SBVCTC registration application
Certificate of incorporation

Eligible Expenses 4

Ineligible Expenses 5

Claim timing

Deadline Notes

Ineligible Organizations

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Funding Stack Strategy

Compatible programs, clawback risk, and combined funding potential

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Compatible Programs

NRC-IRAP Manitoba Interactive Digital Media Tax Credit (MIDMTC) Federal Angel Investment Tax Credit Proposals
Combined Funding Potential See your total funding potential

Clawback Risk

Medium Risk

Premium See which programs combine with this one — and how much more you could get.

How SBVCTC Compares

Side-by-side with similar programs

Free
Program Amount Difficulty Payment Deadline
Manitoba Small Business Venture Capit... up to $10M Easy Tax Credit Offset Open (extended to...
Interactive Digital Media Tax Credit 25% of eligible BC Moderate Tax Credit Offset Ongoing
PrairiesCan (Prairies Economic Develo... Varies Hard Reimbursement Ongoing
Innovation Growth Program Up to $100,000 Moderate Reimbursement Quarterly intakes...
West End BIZ Business Development Grant Up to 50% of costs, to a max of $1,000 Easy Reimbursement Ongoing

Related Programs

Other programs you might be eligible for

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Frequently Asked Questions

Quick answers to the questions founders most often ask about SBVCTC

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Can sole proprietors apply for the SBVCTC?
No — only Canadian-controlled private corporations (CCPCs) with a permanent Manitoba establishment qualify. Sole proprietors don't meet the CCPC requirement.
What's the realistic investment amount attracted?
Most companies attract $50,000-$500,000 in investment through this program. The $10M cap per company is rarely reached.
How long does it take to get the tax credit approved?
Investors claim the credit on their Manitoba tax return — no separate approval needed. Credit is applied when filing taxes.
Can I stack this with other grants?
Yes — compatible with NRC-IRAP (reduces equity dilution), MIDMTC (tech companies), and federal angel credits.
Why do applications get rejected?
Most rejections come from failing the size test on both limbs at once ($15M or more in revenue AND 100 or more full-time equivalent employees, counting affiliates), lacking a Manitoba permanent establishment or 25% local staff, having less than $25,000 of cash equity already in the company, or operating in one of the excluded activities.

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