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Highlights of the 2019 Manitoba Budget
Highlights of the 2019 Manitoba Budget
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.
Download this edition of the TaxNewsFlash to learn more.
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