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Tax Memo: 2009 Manitoba Budget
Tax Highlights
On Wednesday, March 25, 2009, Manitoba's Minister of Finance, Greg Selinger, presented the province's 2009 budget. The budget proposes to reduce Manitoba's small business rate to nil on December 1, 2010, makes the Research and Development Tax Credit fully refundable after 2009 for corporations that work with qualifying research institutes in Manitoba on new technologies and lowers the mining tax rate. The budget also reduces the province's dividend tax credit rate on non-eligible dividends after 2010 and enhances or extends several tax incentives, including environmentalincentives. These and other key measures are discussed here.
