March 12, 2018 - 1:22 PM
WINNIPEG - Here are some of the winners and losers in the 2018-19 Manitoba budget tabled Monday.
WINNERS:
Parents seeking child care: The government promises 700 new spaces. It also plans a new tax credit for businesses providing on-site child care, although that will be limited to 200 spaces this year.
Ambulance users: Fees to be cut to $340 from $425.
The environment: A new conservation fund, starting with $102 million, to be set up to support climate-change initiatives.
Income-tax filers: The threshold at which people will start paying personal income tax is to increase by $2,000 to $11,400 by 2020.
Small businesses: The threshold at which they start paying income taxes rises next year by $50,000 to $500,000.
LOSERS:
Drivers and home owners: Carbon tax to take effect Sept. 1 will add 5.3 cents a litre to gasoline and also increase costs of natural gas and other fuels.
Post-secondary education: Support for universities and colleges is being cut by one per cent, or $6 million.
Some tobacco users: Tax on fine-cut tobacco to increase to 45 cents per gram from 28.5 cents. Cigarettes and other items are not affected.
Credit unions: A lower income-tax rate for credit unions to be phased out over five years, which will cost the financial institutions $15 million annually once fully implemented.
News from © The Canadian Press, 2018