ontario news watch

Manitoba reviewing provincial taxes in bid to make province more competitive

WINNIPEG — The Manitoba government is launching a review of its taxes with the aim to make the province more competitive.

The Progressive Conservative government says a working group will examine all the province’s taxes and report back before the spring budget.

Business groups have pointed to the provincial payroll tax, which applies to businesses with a total payroll of more than $2 million per year.

Most other provinces do not have such a tax, and critics say it hampers private-sector expansion.

The government has also announced a new subsidy for small businesses dealing with the recent increase in Manitoba’s minimum wage.

Small businesses will be able to apply for a subsidy of 50 cents an hour for every minimum wage worker.

This report by The Canadian Press was first published Oct. 19, 2022

The Canadian Press