Corporate Income Taxes

Manitoba Corporate Income Tax

Manitoba corporation income taxes are administered and collected by Canada Revenue Agency on behalf of the Province. The 12.0% basic provincial corporation income tax rate in Manitoba is applied to corporation taxable income allocated to the Province. As of December 1, 2010 the small business income tax was eliminated. As of January 1, 2019, the small business limit is $500,000.

Manitoba will parallel the federal measure which phases out the $500,000 small business limit for corporations that earn between $50,000 and $150,000 of passive investment income in a taxation year, for tax years beginning after 2018.

Notice, regarding Small business deduction for credit unions, as per section 7(4) of The Income Tax Act (Manitoba)  

Federal Corporate Income Taxes

The federal corporate income tax is assessed on national corporate taxable income.

The 2024 general corporate income tax rate is 15.0%.  The small business limit is $500,000. The small business rate is 9% for 2024.

For more information on the federal corporate income taxation in Canada, contact the Canada Revenue Agency, 325 Broadway, Winnipeg, 1-800-959-5525 or visit the Canada Revenue Agency Web site.