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Manitoba 2015 Budget
Canadian Tax and
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Seniors' School Tax
Rebate will increase from $235 to $470 for the 2015 property tax
year, and eligibility criteria will be broadened to include seniors who
occupy their principal residence and pay school taxes, even if they do
not own the land or dwelling unit.
A new Volunteer Firefighter and Search & Rescue Tax Credit is
proposed, beginning in 2016, for Manitobans who perform at least 200
hours of combined volunteer firefighting and volunteer search and rescue
services in a year. This non-refundable tax credit will be based
on an amount of $3,000, which in 2015 will provide a tax credit of
$324. See Volunteer
Firefighter and Search & Rescue Tax Credit on the MB Finance
Community Enterprise Development Tax Credit: eligible
investment period will be extended to the first 60 days following the
end of the calendar year, commencing January 1, 2015, with respect to
2014. This allows a shareholder making an eligible investment
through an RRSP to elect to retroactively claim the tax credit in the
same taxation year as the RRSP deduction. See Community
Enterprise Development Tax Credit on the MB Finance website.
Data Processing Investment Tax Credits: extended for 3 years
to the end of 2018 - eliminated immediately by the 2017
Budget April 11, 2017.
Fuel Tax Rebate for qualifying commercial passenger flights,
effective July 1, 2015.
Research and Development Tax Credits: carry-forward period
extended from 10 years to 20 years.
Extensions of many other tax credits.
Manitoba Green and Health Measures
Tobacco Tax rate increased effective midnight, April 30, 201
from $0.29 to $0.295 per cigarette;
from $0.28 to $0.285 per gram of fine-cut tobacco; and
from $0.265 to $0.27 per gram of raw leaf tobacco.
Green Energy Equipment Tax Credit will be expended to include biomass fuel
energy equipment that is installed in Manitoba and used in a busines, with a
tax credit rate of 15%.
Manitoba Sales Tax
Effective June 1, 2005, exemptions will be expanded for flood prevention and
control supplies, commercial fishing boats, and film and audio productions for
public broadcast. Also, the exemption for goods designed solely for use by
a disabled person will be clarified to show that the exemption applies to both
physical and mental disabilities.
For complete budget information, see the following on the Manitoba