The Manitoba brackets and basic personal amount are increased for 2023 by an indexation factor of 1.07 (7% increase). Manitoba does not increase other personal tax credit amounts for indexation.
The Federal tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase).
See Indexation of the Personal Income Tax System for how the indexation factors are calculated.
The indexation factors, tax brackets and tax rates for 2023 have been confirmed to Canada Revenue Agency information.
Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator or the Detailed Tax Calculators.
| TaxTips.ca - Manitoba Tax Rates | |||||||||
| 2023 Taxable Income | 2023 Tax Rates | 2022 Taxable Income | 2022 Tax Rates | ||||||
| first $36,842 | 10.80% | first $34,431 | 10.80% | ||||||
| over $36,842 up to $79,625 | 12.75% | over $34,431 up to $74,416 | 12.75% | ||||||
| over $79,625 | 17.40% | over $74,416 | 17.40% | ||||||
| TaxTips.ca - Combined Federal & Manitoba Tax Brackets and Tax Rates | |||||||||
| 2023 Taxable Income (1) | MB 2023 Marginal Tax Rates | 2022 Taxable Income (1) | MB 2022 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $36,842 | 25.80% | 12.90% | 3.84% | 18.38% | first $34,431 | 25.80% | 12.90% | 3.84% | 18.38% |
| over $36,842 up to $53,359 | 27.75% | 13.88% | 6.53% | 20.63% | over $34,431 up to $50,197 | 27.75% | 13.88% | 6.53% | 20.63% |
| over $53,359 up to $79,625 | 33.25% | 16.63% | 14.12% | 26.95% | over $50,197 up to $74,416 | 33.25% | 16.63% | 14.12% | 26.95% |
| over $79,625 up to $106,717 | 37.90% | 18.95% | 20.53% | 32.30% | over $74,416 up to $100,392 | 37.90% | 18.95% | 20.53% | 32.30% |
| over $106,717 up to $165,430 | 43.40% | 21.70% | 28.12% | 38.62% | over $100,392 up to $155,625 | 43.40% | 21.70% | 28.12% | 38.62% |
| over $165,430 up to $235,675 | 46.72% | 23.36% | 32.71% | 42.44% | over $155,625 up to $221,708 | 46.78% | 23.39% | 32.79% | 42.51% |
| over $235,675 | 50.40% | 25.20% | 37.78% | 46.67% | over $221,708 | 50.40% | 25.20% | 37.78% | 46.67% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable 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 15%. For more information see Manitoba dividend tax credits. Copyright © 2002 Boat Harbour Investments Ltd. |
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| TaxTips.ca Manitoba Basic Personal Amount |
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| 2023 Personal Amount (2) | 2023 Tax Rate | 2022 Personal Amount | 2022 Tax Rate | ||||||
| $15,000 | 10.80% | $10,145 | 10.80% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2023 Personal Amount (1) | 2023 Tax Rate | 2022 Personal Amount (1) | 2022 Tax Rate | ||||||
| $15,000 | 15% | $14,398 | 15% | ||||||
(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.
(2) The Manitoba 2023 Budget increased the Basic Personal Amount to $15,000, and increases the tax bracket thresholds to $47,000 and $100,000 for 2024, to be indexed in subsequent years.