Ads keep this website free for you. 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.

Manitoba Budgets
Canadian Tax and
Financial Information Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with!


Home  ->  Manitoba -> Budgets

Manitoba Budgets

Manitoba COVID-19 Updates

All budget proposals are subject to legislative approval.

Manitoba 2023 Budget - March 7, 2023

Bill 14, The Budget Implementation and Tax Statutes Amendment Act, 2023 - 1st Reading March 10, 2023.

Personal Tax Measures

bullet Basic Personal Amount increased to $15,000 for 2023, indexed for 2024 and later years.
bulletPersonal income tax bracket thresholds  will increase in 2024 to $47,000 and $100,000, with a return to annual indexing in 2025.
bulletContinuing to phase out school taxes by increasing the rebate for residential and farm properties from 37.5% to 50% in 2023.

Business Measures

bulletHealth and Post-Secondary Education Tax Levy exemption threshold raised from $2 million to $2.25 million of annual remuneration effective January 1, 2024, and threshold for reduced rate is raised from $4 million to $4.5 million.
bulletInteractive Digital Media Tax Credit: Effect April 1, 2023, expenditures expanded.
bulletMineral Exploration Tax Credit is made permanent.
bulletGreen Energy Equipment Tax Credit is made permanent.

See Summary of Fiscal Measures on the Manitoba website.

See Manitoba 2023 Budget on the Manitoba website.

Manitoba 2022 Budget - April 12, 2022

Deficit Forecast:

bullet2020/21 actual deficit $2.17 billion
bullet2021/22 $1.4 billion
bullet2022/23 $348 million
bullet2023/24 $440 million
bullet2024/25 $347 million
bullet2025/26 $260 million

Bill 45 The Budget Implementation and Tax Statutes Amendment Act, 2022 - 1st reading October 11, 2022.

Property Tax Measures

bulletEducation Property Tax Rebate - increased
bulletExisting education property tax credits and rebates - reduced
bulletreplacing the renters component of the Education Property Tax Credit with the new Renters Tax Credit

Personal Tax Measure

bulletNew Refundable Residential Renters Tax Credit - replaces the renters portion of the Education Property Tax Credit
bulletstarts with 2022 taxation year
bulletclaimed through the annual personal income tax return
bulletannual amount fixed at $525
bulleteligibility expanded to include:
bulletthose enrolled in Rent Assist and not on Employment and Income Assistance
bulletthose in social housing, who pay rent geared to income and did not qualify for the renters Education Property Tax Credit

Business Tax Measures

bulletHealth and Post-Secondary Education Tax Levy - enhanced
bullet2023 exemption increases to $2 million from $1.75 million
bulletpayroll threshold increases to $4 million from $3.5 million
bulletFuel Tax - adjusted
bulletfuel used in off-road operation of peat harvesting equipment is exempt from Manitoba's Fuel Tax, effective May 1, 2022.

Other Measures

bulletVehicle Registration Fees for most non-commercial vehicles will be reduced by a further $10 starting with renewals after June 30, 2022.
bulletCommunity Enterprise Development Tax Credit - made permanent
bulletSmall Business Venture Capital Tax Credit - made permanent

For complete details see Manitoba 2022 Budget

Manitoba 2021 Budget - April 7, 2021

Bill 74 - The Budget Implementation and Statutes Amendment Act, 2021 and October 6, 2021 News Release listing inclusions in the Act.

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 was 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: October 26, 2023



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

Facebook  | Twitter  |  See What’s New, stay connected with 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.