Incentives for Business
Savings at CentrePort include the lowest energy costs in North America, and the KPMG Competitive Alternatives (2016) report notes that Winnipeg has the lowest overall business costs in Western Canada and its costs are lower than every U.S. city surveyed. The report also notes that Canadian business tax costs on average 47.6 per cent less when compared to the U.S. Winnipeg is also the leader in business friendliness and FDI strategy among mid-sized cities in the North American Market (fDi magazine, American Cities of the Future, 2015/16).
Foreign Trade Zone
CentrePort's Foreign Trade Zone program can help a company manage its inventory and cash flow.
- Duty deferral – duties are waived up front or rebated later.
- Sales tax relief – exemption from federal goods and services tax (GST).
- Customs bonded warehouse – sales tax and duty-free storage/distribution facilities.
CentrePort's single-window services for investors include a wide range of benefits. These programs support businesses who are active importers of goods from countries where Canada does not have a free trade agreement or of goods from countries where these products do not move duty or tariff free. The FTZ system helps companies determine which program best suits their business needs and facilitates fast tracked approval.
- assistance with negotiating incentives
- fast-tracked land development approvals
- access to skilled, abundant labour with competitive wages
- training support & training incentives
- immigration recruitment programs to match industry needs
- government-funded employee health care costs
- strong manufacturing and R & D tax credits
- data processing tax credits
- no inventory tax