Neighbourhoods Alive! Tax Credit

Corporations that partner with charitable organizations to establish new social enterprises in Manitoba are eligible for a non-refundable 30% corporation income tax credit, in addi

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Commencing April 13, 2011, corporations that partner with charitable organizations to establish new social enterprises in Manitoba are eligible for a non-refundable 30% corporation income tax credit, in addition to the deduction for their corporate donation.

In a given year, a corporation can earn a maximum Neighbourhoods Alive! Tax Credit of $15,000, based on a cumulative minimum of $50,000 in donations to a qualifying registered charity to develop, manage and operate the new social enterprise. The monetary donation must be made over the course of the first four taxation years of the social enterprise and must be accompanied by the provision of in-kind services during years two through five of the social enterprise.

Large up-front donations of up to $200,000 can be used to earn the $15,000 maximum tax credit in years two through five, as long as the in-kind contributions are made in each of those years. Smaller annual donations can be made over multiple years and the cumulative total can be used to reach the $50,000 minimum donation threshold, as long as the donations are made in the first four taxation years of the social enterprise and the in-kind services are provided.

The newly created social enterprise must be fully owned and controlled by a charitable organization in Manitoba and have a charitable purpose that matches that of the charity. In addition, the social enterprise must have a mandate that includes hiring hard-to-employ Manitobans and at least 25% of its employees must have qualified as facing multiple barriers to employment when they were hired.

Tax credits earned but unused by a corporation in a given year can be carried back up to three years to a financial year that ends no earlier than April 12, 2011, and any remaining credits can be carried forward up to ten years.

For more information on the Neighbourhoods Alive! Tax Credit, contact Taxation, Economic and Intergovernmental Fiscal Research Division, Manitoba Department of Finance:

http://www.gov.mb.ca/finance/fedprov/index.html

Taxation, Economic and Intergovernmental Fiscal Research Division
# 910 - 386 Broadway
Winnipeg MB R3C 3R6
Telephone: (204) 945-3757
Fax: (204) 945-5051

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To promote community economic development and to assist Manitobans facing barriers to employment, the 30% Neighbourhoods Alive! Tax Credit is introduced. This unique and innovative tax credit encourages corporations with a permanent establishment in Manitoba to support and work with charitable organizations to establish new social enterprises in Manitoba.

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