2012 provincial tax rates and thresholds are the same as last year:
|
Income Tax Rate |
Income Threshold |
|
10.8% |
$31,000 or less |
|
12.75% |
$31,001 to $67,000 |
|
17.4% |
$67,001 and above |
2012 personal tax credit amounts for Manitoba are also unchanged:
|
Credit |
Amount |
|
Basic Personal Amount |
$8,634 |
|
Spouse/Common-Law Partner Amount |
$8,634 |
|
Labour Sponsored Funds Tax Credit |
$1,800 or 15% of approved shares purchase, whichever is less |