Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 12/11/2013

Canada - 2013 Manitoba budget enacted 

December 11: Legislation enacting Manitoba’s 2013 budget measures received Royal Assent on 5 December 2013.

Among the tax measures in the budget are provisions that:


  • Increase the rate of corporate capital tax on financial institutions to 5% (from 4%)
  • Increase the threshold amount of the small business income limit eligible for the small business deduction to $425,000 (from $400,000)
  • Change the Manitoba dividend tax credit for non-eligible dividends to reflect federal changes
  • Provide a new rental housing construction credit

Read a December 2013 report prepared by the KPMG member firm in Canada: 2013 Manitoba Budget Bill Receives Royal Assent




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