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The “Made-in-Manitoba” carbon tax was set to begin on September 1st, 2018, but is now not expected until late 2018. This tax will increase the prices of fuel products including gasoline, diesel, natural gas, oil and propane.
CFIB is very concerned about the impact the new carbon tax will have on your business and on Manitoba’s economy. Although the provincial government has committed that "all carbon tax revenues received over four years will be returned to Manitobans through tax reductions," Manitobans are projected to face a net tax increase of $117 million this year.
Calculate the direct cost to your business
The Manitoba government plans to offset carbon tax revenues by: increasing the Basic Personal Exemption by $1,010 on January 1st, 2019 and by another $1,010 on January 1st, 2020; and increasing the Small Business Corporate Income Tax Threshold to $500,000 on January 1st, 2019. The government also stated that the carbon tax will be used to reduce the retail sales tax (PST) to 7% by 2020, but has provided no details of when it will do so.
We worry this plan offers no cost certainty and CFIB is committed to holding the government accountable to ensure they deliver the overall tax relief your business needs.
You can raise your concerns about Manitoba's carbon tax plan by signing CFIB's new Action Alert.
We know you care about protecting the environment, and are working to implement environmentally-friendly measures in your business. However, the Manitoba government must ensure policies aimed at reducing carbon emissions do not prevent you from growing your business and creating jobs.
Manitoba’s business owners oppose the introduction of a carbon tax. That’s why CFIB is working hard to raise concerns about the impact of these cost increases on competitiveness, and the effectiveness of the Manitoba plan.
On October 3, 2016, the federal government announced the basic framework for the Pan-Canadian Approach to Pricing Carbon Pollution, which requires each provincial government to adopt a carbon price plan in 2018.
In response, the Manitoba government released its Made-in-Manitoba Climate and Green Plan draft on October 27, 2017, and is going through its consultation process. The proposed Plan includes a flat carbon tax of $25 per tonne of CO2 emissions from 2018 to 2022. In contrast, proposed carbon tax plans in Saskatchewan and New Brunswick, for example, do not impose new taxation on residents or businesses. Importantly, Manitoba`s proposed plan offers no direct tax relief for small businesses and CFIB has raised this concern and others with the Minister of Sustainable Development.
Please call CFIB today to share your concerns about how Manitoba's costly carbon tax will impact your business, so we can raise them with the government.