Finance

Manitoba Tax Assistance Office

Education Property Tax Credit

Whether you own or rent your home, you could be eligible to save up to $700 with the Manitoba government’s Education Property Tax Credit (EPTC). The credit is provided by the province of Manitoba to help cover the school taxes you pay, or a portion of your rent either directly on your municipal property tax statement or through your income tax return.

Seniors may be eligible for additional savings. See below to learn more.

Budget 2018 announced that effective for the 2019 tax year, the calculation of the Manitoba Education Property Tax Credit (EPTC) will be based on school taxes and the $250 deductible will be eliminated. The Seniors’ Education Property Tax Credit will also be calculated on the school tax portion.

Home owners:

If you own your home and pay property taxes, you can save up to $700 off your property taxes with the EPTC. The process that allows new or first time homeowners who are eligible to apply the basic $700 Education Property Tax Credit on the property tax statement for their principal residence is being streamlined, reducing costs for Manitobans and the province. Instead of applying to Manitoba Finance during a limited period of the year, homeowners will be able to self-assess and notify their municipal office at any time throughout the year.

  • Homeowners who notify their municipality before the printing of the municipal property tax statement for the year will have the credit applied starting in that year.
  • Homeowners who notify their municipality after the printing of the municipal property tax statement for the year may claim the credit on their personal income tax return for that year and will receive the credit on their property tax statement in subsequent years.

 

A new or first time homeowner could include, for example, someone moving to Manitoba, someone leaving rental accommodations and moving into a home, or someone in a newly constructed home. Homeowners who already receive the tax credit on their property tax statement are not impacted.

Renters:

If you rent your home, you may still qualify to receive up to $700 in savings with the EPTC. The Credit is claimed on the Manitoba Income Tax Form MB479 – Manitoba Credits.

Seniors:

If you are 65 of age or older by the end of the year, you may qualify for additional savings from the Manitoba government to help cover your education property taxes:

Seniors School Tax Rebate: Manitoba seniors who live in their own homes may be eligible for the Seniors’School Tax Rebate. Learn more.

Seniors with income under $40,000: Senior households with income under $40,000 may be eligible for an additional EPTC of up to $400. The Credit is claimed on the Manitoba Income Tax Form MB479 – Manitoba Credits. Learn more.

Frequently Asked Questions

Who is eligible for the EPTC?

All Manitoba households, whether rented or owned, may be eligible for one EPTC.

For how much is my household eligible?

A maximum $700 credit is available after a minimum amount of property taxes or rent. For homeowners, households must pay the first $250 of property taxes. Any amount above that up to $700 is eligible for the Credit. Renters can claim 20% of their rent above the $250 threshold up to a maximum of $700.

Example 1 (2018 tax year): A household pays $1,500 in property taxes, including $750 in municipal tax and $750 in school tax. This household is eligible for the full $700 EPTC.

Example 2 (2018 tax year): A household pays $600 in property taxes, including $300 in municipal tax and $300 in school tax. This household is eligible for an EPTC of $350 ($600 total property tax minus the $250 threshold).

Example 3 (2018 tax year): A household pays $800 in rent per month, for a total of $9,600 per year. This household is eligible for the full $700 EPTC.

How do seniors apply for the additional credit?

Senior households with a combined income of $40,000 or less may be eligible for an additional EPTC of up to $400. This provides savings of up to $1,100 when combined with the basic $700 EPTC. Whether you are a homeowner or a tenant, you can claim this additional amount on your personal income tax return.

For further information, click here  to view detailed program rules on the website of the Canada Revenue Agency or call the Manitoba Tax Assistance Office at 204-948-2115, or toll free at 1-800-782-0771, or e-mail TAO@gov.mb.ca.