Over the last year, we heard from hundreds of business owners like you about what the priorities should be for Manitoba's 2020-2021 Budget. We're working hard to make sure the provincial government will let you keep more of your hard-earned money, while continuing to reduce the deficit and red tape. The province must limit spending growth, while ensuring important investments are made in core infrastructure and crime reduction, among others.
In the next two months, we will be meeting with provincial leaders including Manitoba's Minister of Finance, Hon. Scott Fielding, and Opposition Leaders to make sure that your priorities are their priorities. We will be sharing results from our 2020-2021 Manitoba Pre-Budget Survey, as well as some other recent CFIB survey data and economic research.
Stay up-to-date on our detailed pre-budget priorities by revisiting this webpage.
Join the Fight!
Manitoba’s businesses still need tax relief, and the provincial government must deliver on its commitment to increase the Basic Personal Exception (BPE) amount by $2,000. Help us push for more tax relief by signing our Action Alert: Progress made; more work needed!
2019 Manitoba budget Highlights:
- The Provincial Sales Tax (PST) lowered from 8% to 7% beginning on July 1st, 2019. This equates to $325 million in savings annually ($237 million to Manitobans in the 2019 fiscal year);
- Manitoba’s PST is now the 3rd lowest among all provinces and the lowest rate east of Saskatchewan;
- Personal income tax brackets and Basic Personal Exemption amount continue to be indexed, saving an additional $36 million in 2019-2020.
Getting back to balanced budgets:
- The deficit is projected to decrease to $360 million in 2019-2020 (a decrease of $161 million from the 2018 budget);
- The province is holding spending growth to just 1.2% from their current 2018 budget Q3 report;
- The province is receiving significant increases in federal transfer payments, a significant increase in personal income tax revenues, and is finding savings through efficiencies;
- The province has not outlined a multi-year plan to get back to balanced budgets, but CFIB’s projections estimate that it will return to balanced budgets by the 2022 budget at its current growth rate.
Red tape reduction:
- The government continues to place a priority on red tape reduction in 2019-2020, but the budget does not to focus on reducing red tape for small businesses.
- The province is investing less than excepted on core infrastructure projects such as roads and bridges;
- The province has not outlined its plan to raise the Basic Personal Exemption amount by $2000, as previously committed.