Manitoba refundable manufacturing investment tax credit

The investment tax credit will first be applied to reduce the Manitoba corporation income tax payable. Then you can claim a part of the Manitoba manufacturing investment tax credit you are entitled to claim in a tax year as a refundable credit.

The maximum refundable part is 70% of your investment tax credit (7% of qualified property) for tax year ending in 2008 or after. This applies to qualified property acquired on or after January 1, 2008.

Note
The "acquired" date for purposes of this credit is the date that the property became "available for use."

Claiming the credit

File a completed Schedule 381, Manitoba Manufacturing Investment Tax Credit, no later than 12 months after your income tax return is due for the tax year in which the expenditures were incurred. See the schedule for more details.

On line 621 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the refundable credit you are claiming.

Forms and publications

• Schedule 381, Manitoba Manufacturing Investment Tax Credit
• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• Manitoba (provincial site)