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
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.