Manitoba – Provincial corporation tax
The 2016-06-31 Manitoba budget did NOT confirm the increase in the business limit that was previously announced in the Economic and Fiscal Outlook, March 2016. Go to What's new for corporations.
The lower rate of Manitoba income tax is 0%.
The income eligible for the lower rate is determined using the Manitoba business limit. The Manitoba business limit is:
- $450,000 effective January 1, 2016;
- $425,000 effective January 1, 2014;
- $400,000 before January 1, 2014.
The business limit is prorated for tax years that straddle these dates.
The higher rate of Manitoba income tax is 12%.
This rate applies to all income not eligible for the lower rate.
For more information, see Dual tax rates.
Reporting the tax
You can use Schedule 383, Manitoba Corporation Tax Calculation, to help you calculate your Manitoba tax before the application of credits. You do not have to file it with the return. See the schedule for more details.
On line 230 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of tax calculated.
Claiming the credits
Manitoba offers different tax credits. Details of each credit can be found in the following pages and their associated schedules:
- Book publishing tax credit
- Community enterprise development tax credit
- Paid work experience tax credit
- Cooperative development tax credit
- Cultural industries printing tax credit
- Data processing investment tax credits
- Film and video production tax credit
- Foreign tax credit
- Green energy equipment tax credit
- Interactive digital media tax credit
- Manufacturing investment tax credit
- "Neighbourhoods Alive!" tax credit
- Nutrient management tax credit
- Odour-control tax credit
- Rental housing construction tax credit
- Research and development tax credit
- Small business venture capital tax credit
Forms and publications
- Schedule 383, Manitoba Corporation Tax Calculation
- Schedule 5, Tax Calculation Supplementary – Corporations
- Manitoba (provincial site)
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