The Manitoba government is open to the idea of a wide-ranging review of its taxes to remain competitive with other provinces, Premier Heather Stefanson said Thursday.
Among the taxes that Stefanson said would be looked at is what’s commonly called the payroll tax. It applies to employers when the total of what they pay out in wages exceeds a certain amount and doesn’t exist in other Prairie provinces. Davidson would like to see the tax eliminated. Income taxes need to be lowered as well, he said. Manitoba starts charging higher tax rates at lower incomes than neighbouring provinces.
Stefanson cautioned that the government cannot move too quickly as it is still working to balance the budget.With the exception of a small surplus in 2019, the Manitoba government has not recorded a balanced budget since the fiscal year that ended in March 2009. Stefanson has promised a return to balance by 2028.
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