Invest via Manitoba’s Small Business Venture Capital Tax Credit Program
Vermillion Growers Ltd. has received a limited time approval to issue its preferred shares under Manitoba’s Small Business Venture Capital Tax Credit (SBVCTC) program. Potential investors are encouraged to check with their legal and financial advisers as to their eligibility to receive the tax credits available to them under the SBVCTC program. Eligible investors are entitled to earn a Manitoba tax credit equivalent to 45% of their investment amount.
In addition to the tax credit, you will also be issued an 8% dividend on your entire investment annually.
How do you know if you are an accredited investor? It’s easy!
For more information on Manitoba’s SBVCTC Program, CLICK HERE!
For more information on claiming your tax credit follow this link > Claiming My Tax Credit
Considerations for an RRSP investment:
1. Determine your investment amount. Suggested minimum contributions are considered to begin at $5,000.
2. Open a self - administered account with Western Pacific Trust Company. We have investment specialists available to assist you.
3. Sign a subscription agreement with Vermillion Growers. We have online fillable forms.
4. Enjoy the 8% return on your RRSP contribution. Your Vermillion Representative would be happy to provide you the details for this share class. The following is a brief share summary:
Class D Preferred Shares:
Share Price - $50.00 CAD per share
Minimum Suggested Purchase - $5,000 or 100 shares
Non-cumulative Dividends - Board currently has dividend rate at 8%
If you are interested in getting this process started, contact our Investment Specialist today.
21 Second Avenue NW,
Dauphin, MB R7N 1H1