Provincial Corporate Income Tax
Taxes: Intro
Corporate Retail Payroll Capital
Comparison
Federal
Municipal
The 14%* basic provincial corporate income tax rate in Manitoba is applied to corporate taxable income allocated to the Province.
Corporations eligible for the federal small business tax rate reduction pay 3%** on the first $400,000 of corporate taxable income allocated to Manitoba, apportioned in accordance with federal provisions. Manitoba corporate income taxes are administered and collected by Canada Revenue Agency on behalf of the Province.
* Manitoba's general CIT rate will be reduced to 13% on July 1, 2008. Subject to balanced budget requirements, the rate will be reduced to 12%, effective July 1, 2009.
** Manitoba's small business rate will be reduced to 2% on January 1, 2008. Subject to balanced budget requirements, the rate will be reduced to 1%, effective January 1, 2009.
For detailed information, please contact:
Manitoba Finance: Taxation Division
Tel: (204) 945-5603 or 1-800-782-0318 (Winnipeg)
(204) 726-6153 or 1-800-275-9290 (Brandon)
Web: www.gov.mb.ca/financ e/taxation

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