Canada: Budget bill including corporate income tax measures receives Royal Assent (Manitoba)
Measures to expand the eligible labor expenditures for the interactive digital media tax credit
Including corporate income tax measures
Manitoba's Bill 14, which enacts several tax measures that were introduced in the province's 2023 budget, received Royal Assent on 3 April 2023.
Bill 14 includes measures to expand the eligible labor expenditures for the interactive digital media tax credit and make permanent the mineral exploration tax credit and the green energy equipment tax credit, as announced in Manitoba’s 2023 budget on 7 March 2023. Read TaxNewsFlash
In addition, Bill 14 increases Manitoba’s basic personal amount to $15,000* for the 2023 tax year and adjusts Manitoba’s individual (personal) income tax brackets for the 2024 tax year.
Read an April 2023 report prepared by the KPMG member firm in Canada
*$ = Canadian dollar
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