Major Taxes in Manitoba (Federal & Provincial)

Manitoba Corporation Capital Tax

Corporations in Manitoba with paid-up taxable capital of at least $10 million are subject to the 0.3% Manitoba Corporation Capital Tax.  For taxation years that commence after January 1, 2007, Manitoba will provide a deduction for the first $10 million in capital.  Corporations with taxable capital of at least $20 million (less the $10 million deduction) are subject to a rate of 0.5%.

The Corporation Capital Tax rate will be reduced from 0.5% to 0.4% for corporations with taxable paid-up capital over $20 million, and from 0.3% to 0.2% for corporations with taxable paid-up capital between $10 million and $20 million, effective for taxation years commencing after January 1, 2008.

Subject to balanced budget requirements, the general Corporation Capital Tax, except for Crown Corporations, will be eliminated as of December 31, 2010.

For more information about the Corporation Capital Tax in Manitoba, visit the Taxation Division, Manitoba Department of Finance, Web site.