Taxes of all kinds big focus of Manitoba budget
The 2018 budget booklet is seen during media lockup at the Manitoba Legislature in Winnipeg on Monday, March 12, 2018. THE CANADIAN PRESS/David Lipnowski
March 12, 2018 - 1:20 PM
WINNIPEG - The Manitoba government tabled its budget for the 2018-19 fiscal year on Monday. Here are some of the highlights.
— A $25 per-tonne carbon tax to take effect Sept. 1 will add 5.3 cents to a litre of gas and also affect natural gas, diesel and propane prices.
— Marked fuel used in agriculture, mining and forestry will be exempt from the carbon tax.
— Ambulance fees to be reduced to $340 from $425.
— New income tax credit for companies that provide on-site child care to be set up. Limited this year to 200 spaces.
— Post-secondary funding to be cut by $6 million, or one per cent.
— Five new schools to be built without using private-public partnership models.
— Basic personal exemption before people have to pay income tax to rise by $2,000 to $11,400 by 2020.
— Threshold at which small businesses start paying income taxes is to be raised to $500,000 from $450,000.
— Tax on fine-cut tobacco for rolling cigarettes is increasing to 45 cents per gram from 28.5 cents. Other forms of tobacco are unaffected.
— A special income tax deduction for credit unions to be phased out over five years. Will cost credit unions $15 million a year.
News from © The Canadian Press, 2018