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Manitoba Employee Share Purchase Tax Credit |
Protected B when completed 2023 |
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| Complete this form to calculate your Manitoba employee share purchase tax credit. You can claim this credit if you received an employee share ownership plan (ESOP) receipt. |
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| The first $27,000 of credits you earned in the year are refundable. Any unused amount can be claimed as a non-refundable tax credit in the year, or can be carried forward for ten years or carried back for three years. The unused amount will be shown on your most recent notice of assessment or reassessment. If you want to apply the unused amount to a previous year, send an adjustment request to the Canada Revenue Agency. |
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| If you are filing a paper return, attach this form and your ESOP receipt(s). | ||||||||||||||||||||
| Part 1 – Manitoba employee share purchase tax credit for 2023 | ||||||||||||||||||||
| Enter the unused Manitoba employee share purchase tax credit amount from your | ||||||||||||||||||||
| 2022 notice of assessment or reassessment. | 1 | |||||||||||||||||||
| Enter the credit amount from ESOP receipt(s) for investments made to assist and facilitate succession planning for family businesses in Manitoba, or to assist and facilitate employee buyouts and takeovers designed to create or maintain |
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| employment in Manitoba. | (maximum $202,500) | 2 | ||||||||||||||||||
| Enter the credit amount from ESOP receipt(s) for investments made to foster the growth of worker cooperatives in Manitoba, or to facilitate and promote employee participation in |
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| business successes in Manitoba. | (maximum $27,000) | + | 3 | |||||||||||||||||
| Line 2 plus line 3 | 60940 | = | •► | + | 4 | |||||||||||||||
| Line 1 plus line 4 | Total credits | = | 5 | |||||||||||||||||
| Enter the amount from line 4. | Current-year | |||||||||||||||||||
| Enter this amount on line 61490 of your | refundable tax credit | |||||||||||||||||||
| Form MB479, Manitoba Credits. | (maximum $27,000) | 6 | ||||||||||||||||||
| If the amount from line 6 equals the amount from line 5, enter "0" on lines 14 and 17. | ||||||||||||||||||||
| Enter the amount from line 78 of Form MB428, Manitoba Tax. (If you have to pay tax to more than one jurisdiction, enter the amount from line 40 of Form MB428MJ in Part 4 of your Form T2203, Provincial |
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| and Territorial Taxes for Multiple Jurisdictions.) | 7 | |||||||||||||||||||
| Amount from line 5 | 8 | |||||||||||||||||||
| Amount from line 6 | – | 9 | ||||||||||||||||||
| Line 8 minus line 9 | = | ► | 10 | |||||||||||||||||
| Maximum non-refundable tax credit | 11 | |||||||||||||||||||
| Amount from line 6 | – | 12 | ||||||||||||||||||
| Line 11 minus line 12 | = | ► | 13 | |||||||||||||||||
| Enter whichever is least: amount from line 7, 10, or 13. | ||||||||||||||||||||
| Enter this amount on line 60860 of your Form MB428 or | Current-year | |||||||||||||||||||
| Form MB428MJ in Part 4 of your Form T2203, whichever applies. | non-refundable tax credit | 14 | ||||||||||||||||||
| T1256-2 E (23) | (Ce formulaire est disponible en français.) | Page 1 of 2 | ||||||||||||||||||
| Protected B when completed | ||||||||||||||||||||
| Part 2 – Unused credit available | ||||||||||||||||||||
| Amount from line 10 | 15 | |||||||||||||||||||
| Amount from line 14 | – | 16 | ||||||||||||||||||
| Line 15 minus line 16 | Total unused credit available | = | 17 | |||||||||||||||||
| Certification | ||||||||||||||||||||
| I certify that the information given on this form is correct and complete. | ||||||||||||||||||||
| Year | Month | Day | ||||||||||||||||||
| Signature | Date | |||||||||||||||||||
| See the privacy notice on your return. | ||||||||||||||||||||
| T1256-2 E (23) | Page 2 of 2 | |||||||||||||||||||