Education Property Tax Credit - last available 2024
Manitoba Income Tax Act s. 5.4 - until Dec 31, 2024
The education property tax credit is a refundable
tax credit which is claimed on form MB479 of the personal tax return.
This credit is available to renters or homeowners who were resident in Manitoba and age 16 or older on December
31 of the tax year. After increases announced in the Manitoba
2011 Budget, the credit is equal to the lesser of (up to and
including the 2018 tax year)
occupancy costs, calculated as the sum of
20% of total rental payments, and
net property taxes paid
minus $250
and
for
taxpayers age 65 and over:
$950 in 2011, $1,025 in 2012, $1,100 in
2013 and subsequent years
minus 1% of family income, to a minimum
credit of $700
all other taxpayers, $700
The above amounts are not indexed for inflation.
As per the Manitoba 2018
Budget, effective for 2019, the calculation of the Education
Property Tax Credit will be based on school taxes, and the $250 deductible
will be eliminated. The Seniors' Education Property Tax Credit will
also be calculated on the school tax portion.