Highlights of the 2016 Manitoba Budget | KPMG | CA

Highlights of the 2016 Manitoba Budget

Highlights of the 2016 Manitoba Budget

May 31, 2016, No. 2016-30. Manitoba Finance Minister Cameron Friesen delivered the province’s 2016 budget on May 31, 2016. The budget anticipates a deficit of $911 million for the 2016-2017 fiscal year. The budget indexes personal income tax brackets and the basic personal amount to inflation and extends the Small Business Venture Capital Tax Credit to 2019, among other changes. The budget also announces a review of the province’s personal and business tax credit system.

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Information is current to May 31, 2016. The information contained in this TaxNewsFlash-Canada is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

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