Canada | Manitoba budget 2025-26

24 March 2025|Tax Alerts, Provincial/State & Local Taxation, Global|Canada

The Manitoba budget for 2025-26 anticipates a CA$794m deficit, with further deficits projected for 2026-27 before a small surplus in 2027-28.
There are no changes to provincial corporate income tax rates, which remain at 0% for small businesses and 12% for general corporations, effective for the 2025 calendar year.
Personal income tax rates will not change; however, indexation to inflation of the basic personal amount and tax bracket thresholds will be frozen starting in 2025.
New measures include …

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