This version of the form is not currently in use and is provided for reference only. Download this version of Form T1256 for the current year.
Form T1256 is a Canadian Revenue Agency form also known as the "Form T1256 "manitoba Community Enterprise Development Tax Credit" - Canada" . The latest edition of the form was released in January 1, 2018 and is available for digital filing.
Download a PDF version of the Form T1256 down below or find it on Canadian Revenue Agency Forms website.
Q: What is Form T1256?
A: Form T1256 is a tax form used in Canada for claiming the Manitoba Community Enterprise Development Tax Credit.
Q: What is the Manitoba Community Enterprise Development Tax Credit?
A: The Manitoba Community Enterprise Development Tax Credit is a tax credit available to individuals and corporations who invest in certain community enterprises in Manitoba.
Q: Who can claim the tax credit?
A: Both individuals and corporations can claim the Manitoba Community Enterprise Development Tax Credit.
Q: What is a community enterprise?
A: A community enterprise is a business or organization that operates for the benefit of a community in Manitoba.
Q: How much tax credit can be claimed?
A: The tax credit is equal to 30% of the eligible amount invested in a community enterprise.
Q: Is there a maximum amount that can be claimed?
A: Yes, there is a maximum annual limit on the amount of tax credit that can be claimed.