Personal Income Tax Changes for 2023/2024

Manitoba has increased the 2023 Basic Personal Amount Manitobans can claim on their income tax as well as increased the 2024 Tax Bracket Thresholds, saving Manitobans nearly $500 million this year.

On this page:

See chart below for a basic understanding of how much you might be saving this year on your personal income tax.

2024 Manitoba Income Tax 2024 Manitoba Income Tax Without 2023 BPA Increase and 2024 Bracket Threshold Increases 2024 Manitoba Income Tax Including 2023 BPA Increase and 2024 Bracket Threshold Increases Savings Percent Reduction
$30,000 $2,007 $1,536 $471 23%
$40,000 $3,111 $2,616 $495 16%
$50,000 $4,386 $3,754 $632 14%
$60,000 $5,661 $5,029 $632 11%
$70,000 $6,936 $6,304 $632 9%
$80,000 $8,211 $7,579 $632 8%
$90,000 $9,776 $8,854 $921 9%
$100,000 $11,516 $10,129 $1,386 12%
$150,000 $20,216 $18,829 $1,386 7%
$200,000 $28,916 $27,529 $1,386 5%

NOTE - Tax Amounts are based on 2024 tax brackets/rates and Basic Personal Amounts only - no other tax credits or deductions are included


2023 Basic Personal Amount

Manitoba has changed the 2023 Basic Personal Amount, which is a non-refundable tax credit every Manitoba resident is entitled to claim on their income tax return. Effective for the 2023 tax year, the Basic Personal Amount increased to $15,000.

This measure means that compared to the 2022 Basic Personal Amount of $10,145, the tax savings from the Basic Personal Amount in 2023 will be up to $524 more for an individual or up to $1,048 more for a two-income family.


2024 Tax Bracket Thresholds

Effective for the 2024 tax year, Manitoba's tax bracket thresholds have increased to $47,000 and $100,000. These are increases of $10,158 (28 per cent) and $20,375 (26 per cent) compared to the 2023 thresholds of $36,842 and $79,625.

Combining the changes to the Basic Personal Amount and tax brackets, taxpayers will save up to an additional $1,386 in 2024 with these threshold improvements versus savings under indexing alone.


Tax Rate 2023 Taxable Income 2024 Taxable Income
10.80% first $36,842 first $47,000
12.75% over $36,842
up to $79,625
over $47,000
up to $100,000
17.40% over $79,625 over $100,000