Free Trade Zone Benefits
CentrePort Canada is the only inland port in Canada offering business single-window access to Foreign Trade Zone benefits. FTZ programs can be advantageous in helping companies manage imported inventories by offering immediate cash-flow benefits. FTZ programs include:
- Duty deferral – duties are waived up front or rebated later.
- Sales tax relief – exemption from federal and provincial sales taxes.
- Customs bonded warehouse – sales tax and duty-free storage/distribution facilities.
To find out how your company might benefit from FTZ programming, please call 204-784-1300.
Lower Taxes at CentrePort Canada
Manitoba is known for its competitive business costs including affordable land and office space, taxation, fuel costs and utility rates.
- Corporate Income Taxes 33 per cent lower than in United States
- Lowest Small Business Tax in Canada
- Corporation Capital Tax being eliminated
- No Inventory Tax
- Low electricity rates ($0.04 Canadian per kWh in Winnipeg, compared to $0.119 in Chicago)
- International cargo flights exempt from provincial fuel tax – a savings of $.032/L
- Low road fuel tax
- Generous manufacturing, capital investment, and research and development tax credits
Did You Know?
Canada is on its way to becoming a tariff-free zone under a plan to eliminate all remaining tariffs on manufacturing inputs, machinery and equipment by 2015.
Manitoba has one of the most cost competitive, skilled, stable and productive labour forces in Canada and the Province is an attractive destination for new immigrants to Canada, adding diversity and new skills to the labour force.
CentrePort Canada works in partnership with Manitoba’s universities and colleges, including the University of Manitoba’s Transport Institute, the University of Winnipeg and Red River College. Red River College offers transportation, logistics and industry-related training at its two campuses located within CentrePort Canada featuring, including its aerospace training facility (pictured right).
