News and Insights

Manitoba Budget 2014 

Tax Development Mar 07, 2014

On March 6, 2014, the Finance Minister of Manitoba, Jennifer Howard, presented the province’s 2014 budget. For the fiscal year 2014-2015, it is expected that the province’s expenditures will increase by 1.5 percent from the 2013/14 forecast, with revenues expected to rise by only 1.1 percent. As a result, Manitoba is forecasting a deficit of $357 million for this fiscal year. 

The province’s deficit for fiscal 2013-2014 has been revised and is projected to hit $432 million, compared with the original 2013-2014 Budget deficit of $518 million, a difference of $ 86 million. 

While revenue from individual and corporate income taxes is projected to increase by $172 million, Budget 2014 also projects a $271 million (6.8%) increase in other taxes from growth in retail sales tax, fuel taxes, tobacco tax and corporations taxes.  However, fees and other revenue are projected to decline, along with a decrease in federal transfers. The current year’s budget continues with a multi-year financial strategy based on declining deficits, with the expectation to achieve a balanced budget in 2016/17. 

Other matters of interest include:

  • In order to improve the integration of taxes on utilities, the tax application on utility charges for electricity and natural gas will be relocated from The Retail Sales Tax Act to a new provincial statute.
  • Effective January 1, 2014, petroleum coke used in Manitoba is subject to an Emissions Tax equal to $10 per tonne of carbon-dioxide-equivalent emissions.

Further details on the 2014 Manitoba budget are available on the province’s web site at: