March 12, 2018 4:10 pm
Updated: March 13, 2018 10:57 am

Manitoba budget ups and downs — here are the highlights

WATCH: Depending on how you look at it, Budget 2018 has pluses and minuses. Global's Brittany Greenslade explains.

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WINNIPEG — Here are some of the winners and losers in the 2018-19 Manitoba budget tabled Monday.

WINNERS

Parents seeking child care: The government promises 700 new spaces. It also plans a new tax credit for businesses providing on-site child care, although that will be limited to 200 spaces this year.

Ambulance users: Fees to be cut to $340 from $425.

The environment: A new conservation fund, starting with $102 million, to be set up to support climate-change initiatives.

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Income-tax filers: The threshold at which people will start paying personal income tax is to increase by $2,000 to $11,400 by 2020.

Small businesses: The threshold at which they start paying income taxes rises next year by $50,000 to $500,000.

READ MORE: Drivers, homeowners and students to pay more: Manitoba budget 2018

LOSERS

Drivers and home owners: Carbon tax to take effect Sept. 1 will add 5.3 cents a litre to gasoline and also increase costs of natural gas and other fuels.

Post-secondary education: Support for universities and colleges is being cut by one per cent, or $6 million.

Some tobacco users: Tax on fine-cut tobacco to increase to 45 cents per gram from 28.5 cents. Cigarettes and other items are not affected.

Credit unions: A lower income-tax rate for credit unions to be phased out over five years, which will cost the financial institutions $15 million annually once fully implemented.

© 2018 The Canadian Press

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