Overview On March 20th, 2025, Manitoba’s Finance Minister presented the province’s 2025 budget “Building One Manitoba”, which projects deficits of $794 million for 2025-26 and $327 million for 2026-27. Personal Income Tax Measures The income tax rates for the 2025 taxation year, based on your taxable income, are as follows: The current personal combined income […]

Overview The ongoing trade tensions escalating between the US and Canada are creating an atmosphere of economic uncertainty for Canadian businesses. Canada’s largest trading partner is the US, amounting for approximately 70% of its total exports. Canadian businesses most heavily reliant on cross-border trades with the US are facing the greatest uncertainty. On February 1st,2025, […]

The Government of Canada has previously announced that, effective April 1, 2025, the federal fuel charge no longer applies, and provinces and territories are no longer required to implement a consumer-facing carbon price. Instead, the federal carbon pricing system now focuses on industrial emissions, maintaining a price on pollution for large emitters as a key […]