Manitoba rental housing construction incentive tax credit
Effective for the 2024 tax year, a new refundable tax credit is introduced that will provide:
- $8,500 for the construction of new market rate rental units
- $13,500 for units classified and maintained as affordable units for a period of at least 10 years
Construction must start on or after January 1, 2024.
Non-profit entities can claim this tax credit in the year the eligible rental housing project becomes available for use. For-profit entities can claim $8,500 on all units in the year the eligible rental housing project becomes available for use, and an additional $5,000 over 10 years for affordable units.
The minister appointed to administer the Manitoba Housing and Renewal Corporation Act may issue a tax credit certificate to a qualifying entity in relation to one or more eligible rental housing projects.
Claiming the credit
On line 329 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of the credit you are claiming.
Supporting documents – You do not have to file the certificate with your return. However, keep it in case the CRA asks for it later.
Forms and publications
Government partners
- Manitoba Finance – Corporation Tax Credits
- Manitoba (provincial site)