SR&ED Tax Clip: Manitoba's Research and Development Tax Credit enhanced

Manitoba Bill 31, The Budget Implementation and Tax Statutes Amendment Act, 2010, makes the province's 20% Research and Development Tax Credit:

• fully refundable for eligible R&D expenditures incurred in Manitoba after 2009 under an eligible contract with a qualifying research institute, which includes post-secondary institutions and persons approved for this purpose by the Minister of Innovation, Energy and Mines; and
• partially refundable for in-house R&D expenditures, as follows:

PricewaterhouseCoopers Comments

These changes intend to encourage companies to increase their R&D activity in Manitoba.