Manitoba Economy and Fiscal Update 2023
Manitoba
Historic Help for Manitobans
Providing historic help to make life more affordable for Manitobans
was the focus of Budget 2023 and remains of critical importance to our
government. We've implemented several measures to help you keep
more of your money in your pocket:
✓ increased Basic Personal Amount to
$15,000, saving the average two-income
family more than $1,000 this year
compared to 2022
✓ adjusted Manitoba tax bracket thresholds to
$47,000 and $100,000, saving the average
two-income family more than $1,250 in
2024 when combined with the Basic
Personal Amount
✓ increased the School Tax Rebate for
residential and farm properties to 50%,
saving the average homeowner $774
this year
✓ reducing payments charged to Manitoba
Hydro, saving Manitoba Hydro and rate
payers more than $4-billion over the next
20 years
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