Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

MB Education Property Tax Credit TaxTips.ca
Canadian Tax and
Financial Information

If you use an ad blocker, please consider a small contribution to help keep TaxTips.ca free for everyone.

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!
Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Financial Freedom
Financial Planning
RRSP RRIF TFSA
Real Estate
Investing
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Prov/Terr Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources
Manitoba -> Refundable tax credits -> Refundable Education Property Tax Credit

Manitoba Education Property Tax Credit

Manitoba Income Tax Act s. 5.4

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)

  1. occupancy costs, calculated as the sum of
    1. 20% of total rental payments, and
    2. net property taxes paid

    minus $250

    and

  2. for
    1. taxpayers age 65 and over:
      1. $950 in 2011, $1,025 in 2012, $1,100 in 2013 and subsequent years
      2. minus 1% of family income, to a minimum credit of $700
    2. 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.

Manitoba Government Resources

Manitoba Personal Tax Credits

Canada Revenue Agency (CRA) Resources

Manitoba General Income Tax and Benefit Package - see CRA form MB 479 and Completing Your Manitoba Forms

Tax Tip:  File a return even if you have no income, to get the refundable tax credits.

Revised: March 06, 2021

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.