Manitoba 2025 and 2024 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 were to be indexed starting in 2025. However, the Manitoba 2025 Budget announced that the 2025 Basic Personal Amount and tax bracket thresholds would remain at 2024 levels. Indexation is now frozen.

The Manitoba tax brackets and the basic personal tax credit amount were to be increased for 2025 by an indexation factor of 1.012 (1.2% increase). Manitoba does not increase other personal tax credit amounts for indexation.

The Federal tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.027 (2.7% increase).

See the Canada Federal Personal Tax Rates page for information on the Capital Gains Inclusion Rate Change, the increase to which will likely not be reintroduced, the increase to which will likely not be reintroduced.

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

The Federal and Manitoba indexation factors, tax brackets and tax rates for 2025 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
2025 Taxable Income	2025 Tax Rates	2024 Taxable Income	2024 Tax Rates
first $47,000	10.80%	first $47,000	10.80%
over $47,000 up to $100,000	12.75%	over $47,000 up to $100,000	12.75%
over $100,000	17.40%	over $100,000	17.40%

We cannot modify the marginal tax rates table below until we clarify whether or not the Manitoba basic personal amount (BPA) for 2025 will be reduced for taxpayers with net income (line 23600) in excess of $200,000. Since the indication is that the BPA will remain at the 2024 amount, this phase-out of the BPA will probably not happen.

TaxTips.ca - Combined Federal & Manitoba Tax Brackets and Tax Rates
2025 Taxable Income (1)	MB 2025 Marginal Tax Rates				2024 Taxable Income (1)	MB 2024 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $47,564	25.80%	12.90%	3.84%	18.38%	first $47,000	25.80%	12.90%	3.84%	18.38%
over $47,564 up to $57,375	27.75%	13.88%	6.53%	20.63%	over $47,000 up to $55,867	27.75%	13.88%	6.53%	20.63%
over $57,375 up to $101,200	33.25%	16.63%	14.12%	26.95%	over $55,867 up to $100,000	33.25%	16.63%	14.12%	26.95%
over $101,200 up to $114,750	37.90%	18.95%	20.53%	32.30%	over $100,000 up to $111,733	37.90%	18.95%	20.53%	32.30%
over $114,750 up to $177,882	43.40%	21.70%	28.12%	38.62%	over $111,733 up to $173,205	43.40%	21.70%	28.12%	38.62%
over $177,882 up to $200,000	46.72%	23.36%	32.71%	42.44%	over $173,205 up to $246,752	46.72%	23.36%	32.71%	42.44%
over $200,000 up to $253,414	47.58%	23.79%	33.89%	43.43%	over $246,752	50.40%	25.20%	37.78%	46.67%
over $253,414 up to $400,000	51.26%	25.63%	38.97%	47.66%
over $400,000	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.

(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.

The Manitoba basic personal amount (BPA) for 2025 is reduced for taxpayers with net income (line 23600) in excess of $200,000, and reaches zero when net income is $400,000 and above. The marginal tax rates in teal reflect both the Federal and Manitoba BPA changes. The marginal tax rates in purple reflect only Manitoba BPA changes. The table of marginal tax rates assume that line 23600 net income is equal to taxable income for this purpose.

TaxTips.ca Manitoba Basic Personal Amount
2025 Personal Amount	2025 Tax Rate	2024 Personal Amount	2024 Tax Rate
$15,969	10.80%	$15,780	10.80%

Federal Basic Personal Amount
2025 Personal Amount (1) Minimum / Maximum		2025 Tax Rate	2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate
$14,538	$16,129	15%	$14,156	$15,705	15%

Revised: March 20, 2025