Manitoba Budget 2026-2027
On Tuesday, March 24, 2026, the Honourable Adrien Sala, Minister of Finance for Manitoba, presented the provincial budget for the 2026-2027 fiscal year.
The government is forecasting deficits of $1.67 billion for 2025-2026 and $498 million for 2026-2027, and surpluses of $8 million for 2027-28 and $13 million for 2028-2029.
There were no changes proposed to personal or corporate income tax rates.
Proposals affecting individuals
Homeowners Affordability Tax Credit
The maximum Homeowners Affordability Tax Credit will be increased from $1,600 to $1,700 for the 2027 property tax year. The credit will be reduced at a rate of $3.40 per $1,000 in assessed value in excess of $1 million. Homes valued at $1.5 million and above will no longer receive a credit.
Renters Affordability Tax Credit
The Renters Affordability Tax Credit will be increased from $625 in 2026 to a maximum of $675 in 2027, and the seniors’ top-up will be increased from $357.14 in 2026 to a maximum of $385.71 in 2027.
Other proposals
Retail Sales Tax (RST)
Basic groceries are already non-taxable. Effective July 1, 2026, RST will be removed on additional food and beverages for human consumption sold by grocery stores.
RST will also be removed from prenatal vitamins.
Electric Vehicle Rebate
The rebate for qualifying electric and plug-in hybrid vehicles set to expire on
March 31, 2026, will be extended. The new expiry date was not disclosed.
After reading the highlights, if you have any questions as to how the latest federal budget measures might impact your financial plan, please give us a call or email our team at chimuk.landry@igpwm.ca.
