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Manitoba -> Budgets

Manitoba Budgets

Manitoba COVID-19 Updates

All budget proposals are subject to legislative approval.

Manitoba 2021 Budget - April 7, 2021

Estimated deficits:

bullet2020/21 deficit $2.08 billion
bullet2021/22 $1.6 billion
bullet2022/23 $374 million
bullet2023/24 $254 million
bullet2024/25 $209 million

This of course depends on economic growth, and the above are not the best case or worst case scenarios.

Personal Tax Measures

bulletEducation Property Tax Rebate
bulletIn 2021, rebate cheques of 25% of school division special levy and community revitalization levy payable will be paid automatically (no application needed) to owners of residential and farm properties
bulletExisting education property tax offsets will be proportionately reduced by 25% in 2021, including
bulletEducation Property Tax Credit and Advance;
bulletSeniors School Tax Rebate;
bulletSeniors Education Property Tax Credit; and
bulletFarmland School Tax Rebate
bulletOwners of other properties will receive a 10% rebate.
bulletTeaching Expense Tax Credit
bulletStarting in 2021 tax year
bulletWill apply to purchases of eligible teaching supplies made by educators that are not reimbursed by their employer.
bullet15% refundable credit for up to $1,000 in supplies ($150 maximum refund)
bulletParallels the eligibility criteria of existing federal Eligible Educator School Supply Tax Credit.

Retail Sales Tax (RST) Measures Effective Dec 1, 2021

bulletPersonal services (hair services, etc) will be exempted from RST
bulletStreaming services will be subject to RST.
bulletOnline Marketplaces will be required to collect and remit RST on the sale of taxable goods sold by third parties on their electronic platforms.
bulletOnline accommodation platforms will be required to collect and remit RST on the booking of taxable accommodations.

Business Tax Measures

bulletHealth and Post-Secondary Education Tax Levy
bulletExemption threshold increased from $1.5 million to $1.75 million effective Jan 1, 2022.
bulletThreshold below which employers pay a reduced rate is raised from $3 million to $3.5 million.
bulletMeasures effective for the 2021 taxation year:
bulletInteractive Digital Media Tax Credit eligible activities expanded.
bulletSmall Business Venture Capital Tax Credit:
bulletMaximum eligible investment increases from $450,000 to $500,000.
bulletMaximum tax credit claimable increases from $67,500 to $120,000.
bulletFilm and Video Production Tax Credit
bulletFrequent filming bonus temporarily paused for 2 years re COVID-19 pandemic.
bulletCompanies that were eligible for the bonus on Mar 31, 2020 will have that status remain in effect until Mar 31, 2022, at which their frequent filming status resumes.

Vehicle Registration Fee Reduction

bullet10% reduction starting with renewals after Jun 30, 2021.

For complete budget details see Manitoba Budget 2021.

2020 Budget - March 19, 2020 - on Manitoba website

COVID-19 Emergency Supplement to 2020 Budget (pdf)

Bill 2, Budget Implementation and Tax Statutes Amendment Act and Explanatory Note - This bill received Royal Assent Nov 6, 2020.

Taxation Changes - 2020 Budget indicates that the previously announced (below) retail sales tax rate reduction, introduction of a green levy and the tobacco tax rate increase that were effective July 1, 2020 have all been deferred until further notice.

bulletCreation of the Seniors Economic Recovery Tax Credit (COVID-19):  $200 refundable tax credit can be claimed on 2020 tax returns if the eligible senior did not receive a $200 advance payment for this (sent May and June).  This can be entered in the Detailed Canadian Tax and RRSP Savings Calculator, in the input field for refundable tax credits, just before the Income tax payable (refundable if negative) line.
bulletPayroll Tax:  The Health and Post Secondary Education Tax Levy (HE Levy) is imposed on wages paid by employers.  As of January 1, 2021, payroll thresholds will be increased in order to reduce the cost to businesses, and eliminate the tax from some employers.
bulletRetail sales tax (RST) rate reduced from 7% to 6% effective July 1, 2020 - deferred until further notice.
bullet Preparation of personal income tax returns will be exempt from RST effective Oct 1, 2020.
bullet Probate fees will be eliminated as of July 1, 2020 (as announced in December 2019)
bulletGreen Levy: Effective July 1, 2020, Manitoba will introduce a green levy of $25 per ton.  RST will not be levied on the green levy.  It's expected that the RST reduction will more than offset the green levy. - deferred until further notice.
bulletTobacco Tax will increase effective July 1, 2020 - deferred until further notice.

For information on all fiscal measures see Tax and Fee Measures in the Manitoba Budget and Budget Papers pdf file.

2019 Budget - March 7, 2019 - on Manitoba website

bullet no personal or corporate income tax rate changes
bullet Retail sales tax (RST) rate reduced from 8% to 7% effective July 1, 2019
bullet RST will not be charged on the federal carbon tax which will be levied on natural gas and coal beginning April 1, 2019.
bullet Income Tax Act, to parallel federal changes:
bullet Consequential amendments to parallel the federal Tax On Split Income (TOSI)
bullet including certain veteran benefits as income eligible for the pension income tax credit
bullet Extensions to:
bullet Film and Video Production Tax Credit (made permanent),
bullet Small Business Venture Capital Tax Credit (3 years to 2023),
bullet Cultural Industries Printing Tax Credit (1 year to 2021), limiting the credit to $1.1 million per taxpayer and
bullet Book Publishing Tax Credit (5 years to 2025).

2018 Budget - March 12, 2018

2017 Budget - April 11, 2017

2016 Budget - May 31, 2016

2015 Budget - April 30, 2015

2014 Budget - March 6, 2014

2013 Budget - April 16, 2013

2012 Budget - April 17, 2012

2011 Budget - April 12, 2011

2010 Budget - March 23, 2010

2009 Budget - March 25, 2009

2008 Budget - April 9, 2008

2007 Budget - April 4, 2007

Revised: May 12, 2021

 

 

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