Manitoba income tax calculator 2023
Get a quick, free estimate of your 2023 income tax refund or taxes owed using our income tax calculator. Plus, explore Canadian and provincial income tax FAQ and resources from TurboTax.
All set to file your taxes? We’ve got your back.
2023 Manitoba provincial and federal income tax brackets
Here are the tax brackets for Manitoba and Canada based on your taxable income
| Federal tax bracket | Federal tax rates |
|---|---|
| $53,359 or less | 15.00% |
| $53,360 to $106,717 | 20.50% |
| $106,718 to $165,430 | 26.00% |
| $165,431 to $235,675 | 29.00% |
| more than $235,675 | 33.00% |
| Manitoba tax bracket | Manitoba tax rates |
|---|---|
| $36,842 or less | 10.80% |
| $36,843 to $79,625 | 12.75% |
| more than $79,625 | 17.40% |
Do your taxes with the TurboTax mobile app
Work on your tax return anytime, anywhere. TurboTax is available for Apple iOS and Google Android devices.
Canadian tax basics
Whether you’re a first-time filer or need a refresher, use these videos to learn more about filing your Canadian income tax return.
Tax Basics: How Taxes Work in Canada
So how exactly do taxes work in Canada? This video explores the Canadian tax system and covers everything from what a tax bracket...
Frequently asked questions
Manitoba’s most popular tax credits and deductions include:
- MB fertility treatment tax credit
- MB fitness tax credit
- MB family tax credit
- MB children’s arts and cultural activity tax credit
- MB primary caregiver tax credit
- MB education and tuition tax credits
- MB community enterprise development tax credit - for individuals
- MB basic personal amount ($15,000)
Anytime you invest your money into something that increases in value, such as stocks, mutual funds, exchange-traded funds (ETFs), or real estate, that increase is considered a capital gain.
Your capital gains will only be realized and taxable when you cash in your investment. Only 50% of your realized capital gains are taxed at a marginal rate based on your province of residence.
In Manitoba, your capital gains are taxed according to the combined marginal capital gains tax rates below:
| 2023 taxable income | BC marginal capital gains tax rate |
|---|---|
| first $36,842 | 12.90% |
| over $36,842 up to $53,359 | 13.88% |
| over $53,359 up to $79,625 | 16.63% |
| over $79,625 up to $106,717 | 18.95% |
| over $106,717 up to $165,430 | 21.70% |
| over $165,430 up to $235,675 | 23.36% |
| over $235,675 | 25.20% |
The tax rates in Manitoba range from 10.8% to 17.4% of income and the combined federal and provincial tax rate is between 25.8% and 50.4%.
Manitoba's marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.
Learn more about Manitoba’s marginal tax rates
Manitoba residents receive a tax credit called the Climate Action Incentive Payment (CAIP) when they file their income tax returns to help off-set the federal carbon tax (i.e. fuel charge) that’s added directly to the cost of gas.
The CAIP amount you receive is based on the size of your family.
Learn more about the Manitoba carbon tax credit
The amount of tax your employer deducts from your paycheque varies based on where you fall inside the The amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and Manitoba tax brackets.
Federal income tax rates in 2023 range from 15% to 33%. Manitoba income tax rates in 2023 range from 10.8% to 17.4%.
The amount of income tax that was deducted from your paycheque appears in Box 22 of your T4 slip.
Learn more about income tax withholding
The deadline to file your 2023 income tax return in 2024 is midnight on April 30. If you’re self-employed, your tax return is due on June 17, 2024, since June 15 falls on a Saturday.
Learn more about tax deadlines
It can take 2 to 3 weeks to receive a refund when you transmit your return via NETFILE. For mailed returns, refunds are mailed out in 4 to 6 weeks following receipt of the return by the CRA or the Revenu Quebec.
Learn more about tax refunds
If you have to pay income taxes to the CRA, you can do so online through the CRA’s My Payment online portal. Pay by setting up a pre-authorized debit agreement using CRA My Account or through a third-party service provider with credit card, e-transfer, or PayPal.
Learn more about paying your taxes online
If you’re a resident of Canada for any part of the year and are earning income, whether that’s employment, self-employment, investment or other income, you're subject to Canadian income tax. There are no exemptions for age or occupation.
Learn more about who’s required to file an income tax return
The CRA requires that you retain your records for a minimum of 6 years, by law.
You can ask to amend your tax return for up to the previous 10 years, so it’s a good idea to maintain your records for that long.
Income tax tips from the TurboTax Hub
Ever wonder what those lines on your tax return mean? These tips will help you understand what to include when you file.
Free tax checklist
Get organized for tax season with everything you need to file your taxes with ease.
Provincial tax calculators
* Important Offer Details and Disclosures
TURBOTAX ONLINE/MOBILE
- Simple personal tax returns only. You understand and agree that Intuit does not provide access to certain tax forms or to technical support for free versions or editions of the Services. You understand that the free version or edition of the Services does not include all tax forms. You must choose a version or edition of the Services that includes all of the tax forms you need, which may require you to upgrade to a different, paid version of the Services in order to complete and file your tax returns. A simple personal tax return only includes certain limited types of income and certain limited tax credits. See Terms of Service for details.
- For Basic, Standard, Premier, Home & Business, Deluxe Online, Premier Online, and Self-Employed Online, technical support by phone is free. Long-distance charges may apply. Limitations apply. Intuit reserves the right to limit each telephone contact. Support availability subject to occasional downtime for systems and server maintenance, company events, observed Canadian holidays and events beyond our control.
- TurboTax experts are typically available from 9 a.m. to 12:00 midnight ET, 7 days a week for English, and 9 a.m. to 9 p.m. ET for French during tax season (from February 20 to May 1, 2024). After May 1, English and French hours of operation will be 9 a.m. to 6 p.m., ET, Monday to Friday (except holidays). Actual connection times and availability may vary.
- Over the past 5 years, more than 24M returns have been electronically filed (using NETFILE) with TurboTax based on CRA NETFILE reporting.
- Internet connection and acceptance of product update is required to access Audit Defence. Does not include GST/HST and other non-income tax audits and reviews unless the issues are ancillary to the income tax review itself. Includes field audits through the restricted examination of books but does not include the "detailed financial audit".
- TurboTax Online prices are determined at the time of print or electronic filing. All prices are subject to change without notice.
- Testimonials are based on TurboTax Online reviews from tax year 2022 as well as previous tax years.
FULL SERVICE GUARANTEE
- Full Service Guarantee is not available in Quebec.
- Our Full Service Guarantee means your tax expert will find every dollar you deserve.
- Your expert will only file your return if they know it's 100% correct and you are getting your best outcome possible. If you get a larger refund or smaller tax due from another tax preparer, we'll refund the applicable TurboTax Live Full Service purchase price paid. If you have to pay an CRA penalty (or interest) because of an error that a TurboTax tax expert or CPA made while acting as the preparer for your return, we'll pay you the penalty and interest. Limitations apply. See Terms of Service for details.
- Same day service (sync a.k.a Express): Based on average completion time and may vary based on expert availability. The Tax preparation assistant will validate the customer’s tax situation during the welcome call and uploaded documents to assess readiness. All tax forms and documents must be ready and uploaded by the customer for the Tax preparation assistant to refer the customer to an available Expert for Live tax preparation.
TURBOTAX GUARANTEES
- If you pay a penalty or interest due to a TurboTax calculation error, we will reimburse the penalty and interest. Does not include calculation errors due to errors in CRA tables. See Terms of Service for details.
- For Desktop products, if not 100% satisfied, return within 60 days to Intuit Canada with a dated receipt for a full refund of purchase price. Excludes return postage. This guarantee does not apply to TurboTax Free. See Terms of Service for details. You may use TurboTax Online without charge up to the point you decide to print or electronically file your tax return. Printing or electronically filing your return reflects your satisfaction with TurboTax Online, at which time you will be required to pay or register for the product without the option of a refund after purchase. (Prices are determined at the time of print or electronic filing. All prices are subject to change without notice.)
- If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the amount paid for our software. TurboTax Free customers are entitled to a payment of $9.99. Claims must be submitted within sixty (60) days of your TurboTax filing date, no later than May 31, 2024 (TurboTax Home & Business and TurboTax 20 Returns no later than July 15, 2024). Audit Defence and fee-based support services are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee.
ADDITIONAL DISCLOSURES:
- CRA estimates 8-14 days for electronic NETFILE submissions with direct deposit.
- Must be signed up for CRA's My Account service to import into TurboTax. To register, visit https://www.canada.ca/en/revenue-agency.html.
- Income tax preparation software companies must seek NETFILE certification from the Canada Revenue Agency (the “CRA”) for tax preparation software products to be used in conjunction with CRA’s NETFILE electronic tax filing service. All TurboTax software products for tax year 2023 are CRA NETFILE certified. The CRA typically estimates 8-14 days for electronic transmissions with direct deposit.
- Images are for illustrative purposes only, and some screen displays are simulated.
Tax Resources & Information
About TurboTax Software
Other Intuit Products & Services
© 2024 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and Profile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Copyright © Intuit Canada ULC, 2024. All rights reserved.
