News and Insights

Manitoba Updates Bulletin for Contractors

Tax Development Sep 26, 2014

Manitoba recently updated Information  Bulletin No. 005, “Information for Contractors” to revise the rate of the deposit or bond required by non-resident contractors using goods or taxable services to fulfill real property contracts in the province.  To secure the contractor’s obligation to remit taxes, the rate on these deposits or bonds has increased by one percent to 10.15 percent of the total contract price.