Question 1

What is Rental Housing Construction Incentive Tax Credit (Manitoba Rental Housing Construction Incentive Tax Credit) and who is it for?

Accepted Answer

Refundable Manitoba tax credit (introduced Budget 2024, effective for the 2024 tax year) to spur construction of new rental units, including affordable units. For-profit entities earn $8,500 per rental unit in the year the unit becomes available, plus $500 per year for ten years ($5,000 total) per affordable unit. Non-profit entities earn $8,500 per rental unit plus an additional $5,000 for each affordable unit in the year the units become available. Typical applicant: A Manitoba developer (for-profit or non-profit) building new rental housing, especially with affordable units, claiming a refundable per-unit credit

Question 2

Who qualifies for Rental Housing Construction Incentive Tax Credit?

Accepted Answer

For-profit or non-profit entities constructing new rental housing units in Manitoba For-profit: $8,500 per rental unit, plus $500/year for ten years ($5,000) per affordable unit Non-profit: $8,500 per rental unit, plus an additional $5,000 per affordable unit Credit claimed in the taxation year the units become available for use; fully refundable Introduced Budget 2024, effective for the 2024 tax year (further details pending from Manitoba Finance)

Question 3

Is Rental Housing Construction Incentive Tax Credit currently open for applications?

Accepted Answer

Refundable credit effective 2024; the province indicated more details would follow — confirm current rules with Manitoba Finance before advising. Re-checked 2026-07-29 specifically for an application deadline (prompted by it being fabricated as "Intake currently closed" in a real client document): there is no application/intake window at all — it's a tax credit claimed in the taxation year the rental units become available for use, not something you apply for by a calendar date.