Green Energy Manufacturing Tax Credit (Manitoba, Canada)
Last modified on February 12, 2015.
|Applies to States or Provinces||Manitoba|
|Name||Green Energy Manufacturing Tax Credit (Manitoba, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Geothermal Electric, Solar Photovoltaics, Wind energy|
|Implementing Sector|| State/Province
|Funding Source|| Government of Manitoba
|Program Administrator||Manitoba Finance|
|Primary Website|| http://www.gov.mb.ca/ctt/invest/busfacts/govt/manuf_taxc.html
|Last Review|| 2014-09-05
This refundable income tax credit will be equal to 10% of the value of qualifying property produced in Manitoba and sold before 2019 for residential or commercial use in Manitoba.
Qualifying property includes equipment for wind power, solar energy, geothermal energy, hydrogen fuel cells, geothermal ground source heating systems and solar thermal heating equipment.
In the 2011 Budget, the total Green Energy Equipment Tax Credit on geothermal heating systems has been increased from 10% to 15%, effective for installations after April 12, 2011. The tax credit for Manitoba manufacturers of qualifying geothermal heat pumps will increase from 5% to 7.5%. The tax credit for purchasers of qualifying made-in-Manitoba geothermal heat pumps installed in Manitoba will also increase from 5% to 7.5%. The tax credit applicable to other eligible installation costs for geothermal heating systems installed in Manitoba will increase from 10% to 15%. The province is also examining broadening the 10% tax credit to made-in-Manitoba transformers and converters which are sold for use in Manitoba.
|Division|| Taxation, Economic and Intergovernmental Fiscal Research Division