Article Posted date20 March 2025
Manitoba’s Finance Minister delivered the province’s 2025 budget on March 20, 2025. The budget anticipates a deficit of $1.2 billion for 2024-25 and projects deficits of $794 million for 2025-26 and $327 million for 2026-27. The budget does not include any new changes to the corporate or personal income tax rates. The budget eliminates the corporation capital tax paid by crown corporations, exempts additional businesses from the Health and Post Secondary Education Tax Levy and indefinitely extends the Cultural Industries Printing Tax Credit, among other measures. Manitoba’s budget also includes a contingency fiscal plan in the event of broad-based U.S. tariffs on Canadian goods.
