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Manitoba 2015 and 2016 Personal Marginal
Income Tax Rates
The Manitoba tax brackets are not increased for inflation. There has been
no announcement yet of any increase in the basic personal amount tax credit for 2016.
The Manitoba 2016 Budget of May 31, 2016 indicated
that starting in 2017, the income tax brackets and basic personal amount would
be indexed for inflation.
The Federal tax rates for 2016 are as per Bill
C-2 tabled in December 2015. The Federal tax brackets
and personal amount were increased for 2016 by an indexation factor of
1.013. The indexation
factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency
information.
The 2016 marginal tax rate for non-eligible dividends has been revised to
reflect the change from their 2016 Budget Implementation Bill.
Manitoba
Personal Income Tax Brackets and Tax Rates
2016
Taxable Income
2016
Tax Rates
2015
Taxable Income
2015
Tax Rates
first $31,000
10.80%
first $31,000
10.80%
over $31,000 up to
$67,000
12.75%
over $31,000 up to
$67,000
12.75%
over $67,000
17.40%
over $67,000
17.40%
Combined Federal
& Manitoba Tax Brackets and Tax Rates
2016
Taxable Income
2016
Marginal Tax Rates
2015
Taxable Income
2015
Marginal Tax Rates
Other
Income
Capital
Gains
Canadian
Dividends
Other
Income
Capital
Gains
Canadian
Dividends
Eligible
Non-Eligible
Eligible
Non-Eligible
first $31,000
25.80%
12.90%
3.84%
16.96%
first $31,000
25.80%
12.90%
3.84%
16.46%
over $31,000 up to
$45,282
27.75%
13.88%
6.53%
19.24%
over $31,000 up to
$44,701
27.75%
13.88%
6.53%
18.77%
over $45,282 up to $67,000
33.25%
16.63%
14.12%
25.68%
over $44,701 up to $67,000
34.75%
17.38%
16.19%
27.03%
over $67,000 up to
$90,563
37.90%
18.95%
20.53%
31.12%
over $67,000 up to
$89,401
39.40%
19.70%
22.60%
32.51%
over $90,563 up to $140,388
43.40%
21.70%
28.12%
37.55%
over $89,401 up to $138,586
43.40%
21.70%
28.12%
37.23%
over $140,388 up
to $200,000
46.40%
23.20%
32.26%
41.06%
over $138,586
46.40%
23.20%
32.26%
40.77%
over $200,000
50.40%
25.20%
37.78%
45.74%
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains
(not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is
17% in 2016, 18% in 2015.
For more information see Manitoba
dividend tax
credits.
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