Manitoba’s Finance Minister Scott Fielding delivered the province’s 2019 budget on March 7, 2019.
The budget anticipates deficits of $470 million for 2018-2019 and $360 million for 2019-2020. Although the budget does not include any new changes to the corporate or personal tax rates, it decreases Manitoba’s retail sales tax rate to 7% (from 8%), effective July 1, 2019 and reduces the refundable portion of the Manufacturing Investment Tax Credit to 7% (from 8%), effective for qualifying property acquired after June 30, 2019, among other changes.
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