Tax Highlights from the 2023 Manitoba Budget

Minister of Finance Cliff Cullen tabled the 2023 Manitoba provincial budget on March 7, 2023. The budget projects a deficit of $363 million for 2023/24 and a balanced budget by 2028/29.

On the income tax side, there were no increases or decreases to personal or corporate income tax rates for 2023. However, the budget did propose an enhanced basic personal amount for 2023, increased tax bracket thresholds for 2024 and adjustments to the health and post-secondary education tax levy. Read more here.

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