Manitoba 2008 Budget - April 9, 2008
See the Manitoba government Budget
2008 website for complete budget details.
Personal Income Tax
Personal tax rates and credits
There were no further changes to personal income tax
brackets or rates. These were previously revised for 2008 to 2011 by
the 2007 Budget.
The basic personal amount, spousal amount, and eligible
dependent amount are each increased by $100 to $8,134 for 2009.
The refundable Personal Tax Credit amounts will
be increased in 2009.
The Education
Property Tax Credit basic amount is increased from $525 to $600
for 2008.
New Primary Caregiver Tax
Credit is introduced for the 2009 tax year. The primary
caregiver may be a spouse, other relative, neighbour or friend who
provides care without remuneration to a qualifying Manitoba Home Care
client. After a three month qualifying period, the refundable credit
is $85 per month to a maximum of $1,020 per year to the primary caregiver
for each client, to a maximum of three clients within a given month.
Federal Tax Changes
Federal budget 2008
personal income tax measures affecting taxable
income that automatically affect provincial
taxable income in all provinces and territories
except Québec:
Corporate Income Tax Rates
The general corporate tax rate is reduced from 14% to
13% effective July 1, 2008, with a further reduction (announced in Budget
2007) to 12% effective July 1, 2009.
As announced in Budget 2007, the small business
corporate income tax rate is reduced from 2% for 2008 to 1% for 2009.
See the dividend tax credit page for the corresponding changes in the
small business dividend tax credit rates.
Revised: June 05, 2010
