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Tax Rates   ->   Current Marginal Tax Rates -> Manitoba Personal Income Tax Rates

Manitoba 2023 and 2022 Tax Rates & Tax Brackets

Manitoba Income Tax Act s. 4, 4.1, 4.6, 4.7

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.

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.
TaxTips.ca
Manitoba Basic Personal Amount
2023 Personal Amount 2023 Tax Rate 2022 Personal Amount 2022 Tax Rate
$10,855 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.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: November 30, 2022

 

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

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