Manitoba Tax Rates

Manitoba

2025 Tax Rates

Personal Income Tax — Combined Federal + Provincial

Top marginal rates — 2025

Other income 50.4%Capital gains 25.2%Elig. dividends 37.78%Non-elig. dividends 46.67%

Income Range	Other Income	Capital Gains	Eligible Dividends	Non-Elig. Dividends
Up to $47,000	25.3%	12.65%	3.15%	17.81%
$47,000 – $57,375	27.25%	13.63%	5.84%	20.05%
$57,375 – $100,000	33.25%	16.63%	14.12%	26.95%
$100,000 – $114,750	37.9%	18.95%	20.53%	32.3%
$114,750 – $177,882	43.4%	21.7%	28.12%	38.62%
$177,882 – $200,000	46.71%	23.36%	32.7%	42.43%
$200,000 – $253,414	47.56%	23.78%	33.87%	43.41%
$253,414 – $400,000	51.25%	25.63%	38.96%	47.65%
Over $400,000	50.4%	25.2%	37.78%	46.67%

The rate over $400,000 is lower than the $253K–$400K bracket due to a Manitoba provincial tax reduction that phases out at higher incomes.

Corporate Income Tax

General Rate27%Combined fed + prov

Small Business Rate9%CCPC active business income

Business Limit$500,000SB rate applies up to this limit

Integrated Rates — Corporate + Personal

Integration analysis shows the total tax cost when income flows through a corporation and is then distributed to a top-bracket individual shareholder, compared with earning the same income directly as salary.

Route	Corp Rate	Top Personal Rate	Combined Integrated Rate	vs. Salary
Salary / DirectBaseline	—	50.4%	50.4%	—
Corp (General) → Eligible DividendPublic company or CCPC above limit	27%	37.78%	54.58%	+4.18%
Corp (CCPC/SB) → Non-Eligible DividendCCPC within small-business limit	9%	46.67%	51.47%	+1.07%

All rates are % of actual amount received: dividend rates apply to the actual dividend (not the grossed-up taxable amount) and capital gains rates apply to the total gain (not the 50% taxable inclusion). A negative eligible dividend rate means the dividend tax credit exceeds the gross-up, resulting in a net tax refund on that income. Corporate rates shown are combined federal and Manitoba provincial rates and may differ from federal-only figures. The integration analysis compares routes for a top-bracket individual shareholder and is an approximation only; actual results depend on individual circumstances.