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Corporate Income Taxes

Manitoba Finance

Corporate Income Taxes

Manitoba Corporate Income Tax


Starting January 1, 2016, Manitoba’s small business income limit is increased to $450,000 from $425,000. Canadian-controlled private corporations that qualify for the small business deduction are eligible for the 0% Manitoba Corporation Income Tax rate.

Manitoba corporation income taxes are administered and collected by Canada Revenue Agency on behalf of the Province. The 12.0% basic provincial corporation income tax rate in Manitoba is applied to corporation taxable income allocated to the Province. Prior to December 2010, corporations eligible for the federal small business tax rate reduction paid 1.0% on the first $400,000 of corporation taxable income allocated to Manitoba, apportioned in accordance with federal provisions. As of December 1, 2010 the small business income tax has been eliminated. In 2014, the small business limit increases to $425,000.

For more information on the corporation income taxation in Manitoba, contact Taxation, Economic and Intergovernmental Fiscal Research Division, Manitoba Department of Finance or call
(204) 945-3757.

Federal Corporate Income Taxes

The federal corporate income tax is assessed on national corporate taxable income.

The 2013 and 2014 general corporate income tax rates are 15%. The small business limit is $500,000. The small business rate is 11%.

For more information on the federal corporate income taxation in Canada, contact the Canada Revenue Agency, 325 Broadway, Winnipeg, 1-800-959-5525 or visit the Canada Revenue Agency Web site.