2006 Manitoba Budget Impact Paper

This paper was prepared by the Compensation Sector, Accounting, Banking and Compensation Branch, Public Works and Government Services Canada (PWGSC). It should be noted that this document is not all encompassing. Employees may find this document informative from a personal perspective.

The following items, which are relative to the compensation product, were introduced in the Manitoba budget speech that was presented by the Honourable Greg Selinger, Minister of Finance for the Government of Manitoba on March 6, 2006.

ITEMS AFFECTING PWGSC COMPENSATION SYSTEMS

Personal Income Tax Rate

The tax rate in the middle tax bracket will decrease from 13.5% to 13.0% for the 2007 taxation year. This rate applies to taxable income between $30,544 and $65,000.

Impact: PWGSC compensation systems will be programmed to reflect this change effective January 2007.

Basic Personal Amount

The basic personal amount will increase by $100 to $7,834 in the 2007 taxation year.

Impact: PWGSC compensation systems will be programmed to reflect this change effective January 2007.

To review the 2006 Manitoba budget documents, please visit this site:

http://www.gov.mb.ca/finance/budget06/index.html

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