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Reduction in non-eligible dividend tax credit
rate, from 1.75% to 0.83%, for 2014, to maintain integration once
the gross-up on these dividends is reduced from 25% to 18%
Increase in Tobacco Tax rate effective midnight, April 16, 2013,
from 25¢ to 29¢ per cigarette, from 24¢ to 28¢ per gram of
fine-cut tobacco, and from 22.5¢ to 26.5¢ per gram of raw leaf
tobacco
Fuel tax rate for natural gas used in motor vehicles will be phased
in as follows:
3¢ per cubic metre for sales after April 16, 2013 until March
31, 2014
6¢ per cubic metre from April 1,2014 to March 31, 2015, and
10¢ per cubic metre after March 31, 2015.
Odour control tax credit expanded, making it fully refundable to
agricultural producers, including individual farmers, on qualifying
property acquired after 2012.
Data processing investment tax credit is broadened to include
companies that are not engaged primarily in data processing in
Manitoba, but that make a significant incremental investment in data
processing equipment in Manitoba.
New rental housing construction tax credit, equal to 8% of the
capital cost of new rental housing construction in Manitoba.
Eligible landlords must be residents of Manitoba or have a permanent
establishment in Manitoba, and can operate on either a for-profit or
not-for-profit basis, including rental housing co-operatives.
Manitoba research and development tax credit is being amended to, in
part, parallel the federal scientific research and experimental
development (SRED) tax credit changes.
Manufacturing investment tax credit - refundable portion of the 10%
tax credit will increase from 70% refundable to 80% refundable
commencing on qualified property acquired after June 30, 2013.
This is commensurate wiht the increase in the provincial sales tax.
Small business income limit for the Canadian-controlled private corporation
tax rate of zero% will increase from $400,000 to $425,000 on
January 1, 2014.
Film and video production tax credit, which was set to expire March
1, 2014, is extended to December 31, 2016.
Interactive digital media tax credit and small business venture
capital tax credit, which were set to expire December 31, 2013, are
extended to December 31, 2016.
Farmland school tax rebate, commencing with the 2013 property tax
year, will be available only to eligible farmland owners who are
Manitoba residents, and will be capped at $5,000.
Corporation capital tax on financial institutions increased from 4%
to 5%, for taxation years ending after April 16, 2013.
Manitoba Sales Taxes
Effective July 1, 2013, the general sales tax rate will increase from
7% to 8%.
The following exemptions will be applied effective July 1, 2013 to:
child safety restraint systems, such as car seats and booster seats;
baby supplies, including diapers, strollers, cribs, gates, monitors, and items used for nursing, feeding or bathing; and
bicycle helmets (both children and adults).
The Taxation Adjustments document
includes a list of goods and
services which are not taxable under Manitoba sales tax, but are subject
to federal GST and provincial HST/QST.
For complete budget information, see 2013
Budget on the Manitoba
Finance website.
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