Manitoba income tax calculator 2023

Get a quick, free estimate of your 2023 income tax refund or taxes owed using our income tax calculator. Plus, explore Canadian and provincial income tax FAQ and resources from TurboTax.

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2023 Manitoba provincial and federal income tax brackets

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Canadian tax basics

Whether you’re a first-time filer or need a refresher, use these videos to
learn more about filing your Canadian income tax return.

Tax Basics: How Taxes Work in Canada

So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket.

Frequently asked questions

Anytime you invest your money into something that increases in value, such as stocks, mutual funds, exchange-traded funds (ETFs), or real estate, that increase is considered a capital gain.

Your capital gains will only be realized and taxable when you cash in your investment. Only 50% of your realized capital gains are taxed at a marginal rate based on your province of residence.

In Manitoba, your capital gains are taxed according to the combined marginal capital gains tax rates below:

The tax rates in Manitoba range from 10.8% to 17.4% of income and the combined federal and provincial tax rate is between 25.8% and 50.4%.

Manitoba's marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.

Manitoba residents receive a tax credit called the Climate Action Incentive Payment (CAIP) when they file their income tax returns to help off-set the federal carbon tax (i.e. fuel charge) that’s added directly to the cost of gas.

The CAIP amount you receive is based on the size of your family.

The amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and Manitoba tax brackets.

Federal income tax rates in 2023 range from 15% to 33%. Manitoba income tax rates in 2023 range from 10.8% to 17.4%.

The amount of income tax that was deducted from your paycheque appears in Box 22 of your T4 slip.

The deadline to file your 2023 income tax return in 2024 is midnight on April 30. If you’re self-employed, your tax return is due on June 17, 2024, since June 15 falls on a Saturday.

It can take 2 to 3 weeks to receive a refund when you transmit your return via NETFILE. For mailed returns, refunds are mailed out in 4 to 6 weeks following receipt of the return by the CRA or the Revenu Quebec.

If you have to pay income taxes to the CRA, you can do so online through the CRA’s My Payment online portal. Pay by setting up a pre-authorized debit agreement using CRA My Account or through a third-party service provider with credit card, e-transfer, or PayPal.

If you’re a resident of Canada for any part of the year and are earning income, whether that’s employment, self-employment, investment or other income, you're subject to Canadian income tax. There are no exemptions for age or occupation.

The CRA requires that you retain your records for a minimum of 6 years, by law.

You can ask to amend your tax return for up to the previous 10 years, so it’s a good idea to maintain your records for that long.

Income tax tips from the TurboTax Hub

Ever wonder what those lines on your tax return mean?
These tips will help you understand what to include when you file.

DIVIDENDS

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CAPITAL GAINS AND LOSSES

What are capital gains and losses?

RRSP CONTRIBUTION LIMIT

What is my RRSP contribution room?

EMPLOYMENT INCOME

What is considered as employment income?

INTEREST INCOME

What is interest income?

SELF-EMPLOYMENT INCOME

How do I report self-employment income?

OTHER INCOME

What does “other income” mean?

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Free tax checklist

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Provincial tax calculators

• Alberta tax calculator
• British Columbia tax calculator
• Manitoba tax calculator
• New Brunswick tax calculator
• Newfoundland and Labrador tax calculator

• Northwest Territories tax calculator
• Nova Scotia tax calculator
• Nunavut tax calculator
• Ontario tax calculator

• Prince Edward Island tax calculator
• Quebec tax calculator
• Saskatchewan tax calculator
• Yukon tax calculator

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