Manitoba 2024 and 2023 Tax Rates & Tax Brackets

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

The Manitoba brackets for 2024 were announced in the Manitoba 2023 Budget, and will be indexed starting in 2025. The basic personal amount is increased for 2024 by an indexation factor of 1.052 (5.2% increase). Manitoba does not increase other personal tax credit amounts for indexation.

The Federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% increase).

The 2024 Federal Budget proposed an increase in the capital gains inclusion rate to 66 2/3% for the portion of gains realized after June 24, 2024 in excess of $250,000, for an individual. We've added an extra column below, to show the marginal tax rate for those gains. The inclusion rate is still 50% for the portion of gains up to $250,000 after June 24, 2024.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The indexation factors, tax brackets and tax rates for 2024 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
2024 Taxable Income	2024 Tax Rates	2023 Taxable Income	2023 Tax Rates
first $47,000	10.80%	first $36,842	10.80%
over $47,000 up to $100,000	12.75%	over $36,842 up to $79,625	12.75%
over $100,000	17.40%	over $79,625	17.40%

TaxTips.ca - Combined Federal & Manitoba Tax Brackets and Tax Rates
2024 Taxable Income (1)	MB 2024 Marginal Tax Rates					2023 Taxable Income (1)	MB 2023 Marginal Tax Rates
	Other Income	Capital Gains		Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	All Pre- Jun 25	>$250K Post- Jun 24	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $47,000	25.80%	12.90%	17.20%	3.84%	18.38%	first $36,842	25.80%	12.90%	3.84%	18.38%
over $47,000 up to $55,867	27.75%	13.88%	18.50%	6.53%	20.63%	over $36,842 up to $53,359	27.75%	13.88%	6.53%	20.63%
over $55,867 up to $100,000	33.25%	16.63%	22.17%	14.12%	26.95%	over $53,359 up to $79,625	33.25%	16.63%	14.12%	26.95%
over $100,000 up to $111,733	37.90%	18.95%	25.27%	20.53%	32.30%	over $79,625 up to $106,717	37.90%	18.95%	20.53%	32.30%
over $111,733 up to $173,205	43.40%	21.70%	28.93%	28.12%	38.62%	over $106,717 up to $165,430	43.40%	21.70%	28.12%	38.62%
over $173,205 up to $246,752	46.72%	23.36%	31.15%	32.71%	42.44%	over $165,430 up to $235,675	46.72%	23.36%	32.71%	42.44%
over $246,752	50.40%	25.20%	33.60%	37.78%	46.67%	over $235,675	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
2024 Personal Amount	2024 Tax Rate	2023 Personal Amount	2023 Tax Rate
$15,780	10.80%	$15,000	10.80%

Federal Basic Personal Amount
2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate	2023 Personal Amount (1) Minimum / Maximum		2023 Tax Rate
$14,156	$15,705	15%	$13,520	$15,000	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.

Revised: October 15, 2024