Manitoba 2017 budget highlights: From tax credit reductions to new child care spaces - Action News
Home WebMail Monday, November 11, 2024, 06:33 AM | Calgary | -1.6°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Manitoba

Manitoba 2017 budget highlights: From tax credit reductions to new child care spaces

The Manitoba government released its 2017-18 budget on Tuesday. Here is a look a some of the highlights:

No tax increases, modest boosts for health, education

Manitoba's Progressive Conservative government presented its 2017 budget on Tuesday. (Brett Purdy/CBC)

The Manitoba government released its 2017-18 budget on Tuesday. Here is a look a some of the highlights:

  • No increases to personal or business taxes.
  • Department spending increases are being held at or near the rate of inflation: 1.8 per cent for health; 1.1 per cent for education.
  • Tuition fee income-tax rebate for post-secondary graduates who stay to work in Manitoba worth up to $2,500 a year per person to be phased out by 2018.
  • Primary caregiver tax credit for people looking after relatives in their homes capped at $1,400 a year.
  • Research and Development Tax Credit for scientific development reduced to 15 per cent from 20.
  • Maximum tax credit for political contributions to increase next year to $1,000 from $650.
  • Province to help create 501 new licensed child-care spaces and 50 home-based spaces.
  • Government predicting an overall deficit of $840 million $32 million less than last year.