Economic Development in Winnipeg

Winnipeg and Manitoba are viewed as very competitive in terms of personal taxes against cost of living. This reflected in our affordable cost of housing and general cost of living expenses.

The Federal Government of Canada has a Goods and Services Tax (GST) which individuals, businesses and other entities pay the 5% on most goods and services.

In Manitoba, there is a 7% Retail Sales Tax (RST) on most goods and certain services. The RST is calculated on the selling price, before GST (Goods and Services Tax) is applied. Most businesses, including manufacturers and processors, qualify for full input tax credits on the amount of GST paid on purchases made for business purposes where the firm is not the final consumer.

There is also a GST credit for low-income households. The amount of the GST credit depends on a number of factors, including household income, number of dependent children, marital status, among other characteristics.

The City of Winnipeg derives the majority of its revenue through Property Taxes with a small portion coming from a Municipal Business Tax and user fees. Property taxes are calculated by applying municipal and school mill rates against the portioned assessment of your property. By definition, a mill is a one-thousandth part. For calculating taxes, one mill represents $1.00 of taxes for every $1,000.00 of portioned assessment.

Example: