Manitoba rental housing construction tax credit
Note
The rental housing construction tax credit was discontinued in 2019 and is no longer available. A new credit regarding rental housing construction has been introduced. See the Manitoba rental housing construction incentive tax credit.
This tax credit was equal to 8% of the capital cost of an eligible rental housing project.
Projects in which the application was submitted before March 13, 2018, had to be made available for use before 2020. For applications submitted after March 12, 2018, and before 2019, the project had to be made available for use before 2021.
Note
Applications are no longer accepted after 2018.
Eligible projects meant the construction or conversion from a non-residential use, of a building, group of buildings, or portion of a building, with at least five or more new residential rental units, and with at least 10% of the units qualifying as affordable rental housing units.
The maximum credit was set at $12,000 per eligible rental unit.
Manitoba Housing and Community Development used to review all tax credit applications and issue tax credit certificates to corporations that built eligible rental housing projects.
Note
The minister responsible for this credit was the minister appointed to administer the Manitoba Housing and Renewal Corporation Act. It was previously the minister of Housing and Community Development.
Eligible landlords could operate as a for-profit or not-for-profit corporation, but had to be residents of Manitoba or have a permanent establishment in Manitoba.
Eligible not-for-profit projects received a fully refundable tax credit in the year in which they earned the tax credit, as the project was becoming available for use. You can no longer claim the refundable credit.
The tax credit on for-profit projects was claimable over a maximum of five years, and was non-refundable.
Claiming the carryforward
The five-year carryforward period has ended.
You had to file completed Schedule 394, Manitoba Rental Housing Construction Tax Credit, with your return. Tax-exempt corporations also had to file a return in order to claim this credit.
On line 602 of Schedule 5, Tax Calculation Supplementary – Corporations, you had to enter the amount of the non-refundable, unused, and unexpired credit carried forward from previous years and apply it to reduce tax payable in the current year.
Supporting documents – You did not have to file the certificate with your return, but you had to keep it in case the CRA would ask for it later.
Forms and publications
Government partners
- Manitoba Finance – Corporation Tax Credits
- Manitoba (provincial site)