Manitoba budget highlights: Tax rebates and credits, more intensive care capacity - Action News
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Manitoba

Manitoba budget highlights: Tax rebates and credits, more intensive care capacity

Manitoba's Progressive Conservative government unveiled its 2022-23 budget on Tuesday. Here are the highlights.

Spending plan announced Tuesday includes plans to spend $9M to expand intensive care unit capacity

A blurred photo shows the backs of students wearing backpacks walking up a set of stairs in a school.
Manitoba's 2022-23 budget, unveiled Tuesday, promises an increase to the education tax rebate for residential and farm properties. (Warren Kay/CBC)

Highlights of Tuesday's Manitoba budget:

  • The education tax rebate for residential and farm properties is to rise to 37.5 per cent from 25 per cent, which would savethe average homeowner $196 annually.
  • The education tax credit for renters is to expand to cover more low-income earners, including those in social housing.
  • Annual vehicle registration fees for non-commercial vehicles are to be cut by another $10, following two earlier reductions.
  • The threshold at which businesses start paying a tax on their payroll is to rise to $2 million from $1.75 million.
  • The government plans to spend $9 million to expand intensive care unit capacity, which was stretched by the COVID-19 pandemic.
  • A new venture capital fund is to be set up with $50 million from the government.
  • The province is forecasting a deficit of $548 million on $19.9 billion in total spending.