Manitoba

Manitoba Finance

Personal Tax Savings Estimator ©

Savings on Tax and Basic Household CostsManitoba is the most affordable place in the country for the average family. When provincial taxes are added together with other basic household costs, the average family saves $5,418 compared to the national average.

The Manitoba government has made over 85 tax reductions for families and individuals since 1999, saving the average Manitoba family $3,800 this year. To find out how much these tax reductions are saving you this year, please complete the information below in the Manitoba Tax Savings Calculator.

There are a variety of additional tax credits that could benefit your family on top of these savings, including the Fitness Tax Credit for Children and Young Adults, the Children’s Arts and Cultural Activity Tax Credit, the Tuition Fee Tax Rebate, and the Primary Caregiver Tax Credit, among others. To learn more about Manitoba’s tax credits for families and individuals, please visit http://www.gov.mb.ca/finance/pcredits.html.

Users may enter data into the white spaces on the screen. Round to the nearest dollar, and do not use commas. Pressing the Calculate button will cause the Results to appear in the RESULTS area. To ensure correct results when doing multiple calculations, you must first press the Clear and Reset button before entering new inputs.

DISCLAIMER: This Personal Tax Savings Estimator © does not calculate actual tax liabilities. It is meant to estimate the approximate tax impact on notional taxpayers of the Manitoba tax system as it existed in 1999, and as it is expected to function in 2014. Users of this Estimator © are advised not to rely on its simplified results to determine their actual tax liabilities for any of the years in question.

Assumptions Instructions

General Information



FAMILY STATUS for Taxation purposes
Higher
Income
Taxpayer


Spouse

Marital status 1 = single, 2 = married

n/a

Age in years (not less than 18)

If 65 or over, how many months have you received OAS (used for estimate of OAS)

Children:  Enter number of dependent children

n/a

If you claim a disability amount for yourself or a dependent child, enter the number of claims here (Estimator Maximum 2)

n/a

If your spouse claims a disability amount, enter 1 here

n/a

Income Information

Earned income
(Line 101 of T1 General)

Pensions other than Old Age Security or CPP
(Lines 115 and 116 of T1 General)

Investment and other income: interest, CPP, etc.
(Lines 104, 114, 121, 128 to 130, 144 to 145 of T1 General)  

Eligible Dividends (actual amount)

Other-than-Eligible Dividends (actual amount)

Capital Gains (actual amount)

Deductions

Deductions from Total Income: eg. RRSP contributions, child care, etc. See Instructions.
(Lines 207 to 215, 219 to 221, 224 to 232 of T1 General)

Deductions from Net Income: eg. other payments, Northern residents, etc. See Instructions.
(Lines 244 to 250, 254 to 256 of T1 General)

Charitable donations
(Line 340 of T1 General - Schedule 9)

Housing Information

Do you claim a Manitoba Property Tax Credit? If you do not, enter "0" in the space. If you are a tenant, enter "1" in the space; if you are a homeowner, enter "2".

Tenant: Monthly rent amount you pay on your residence in Manitoba.

Homeowner: Total Property Taxes on your home in Manitoba.

Calculate

Clear and Reset

Personal Tax Savings Estimator ©, 2014, FINANCE

 

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