WINNIPEG – A few highlights from Manitoba’s budget:
- Tobacco taxes rise $1 a carton.
- Corporation capital tax on banks and other financial institutions rises to 6 per cent from 5 per cent.
- Primary caregiver tax credit increases to $1,400 from $1,275.
- Rental assistance for welfare recipients increases to $271 per household.
- A deficit of $422 million, virtually unchanged from last year.
- A $105-million draw down of the province’s rainy day fund to pay off debt and invest in infrastructure.
- A total of $15.5 billion in spending, an increase of 1.9 per cent.
- A total of $1 billion for infrastructure as part of a previously announced five-year plan.
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