Dollars and Sense
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 26/03/2009 (6203 days ago), so information in it may no longer be current.
Here are some of the budget’s highlights and what Gary Doer’s government is hoping to accomplish with them.
The move: $1.6 billion will be spent on new infrastructure, including housing, hospitals, highways and water- and waste-treatment plants.
The goal: To create 10,000 person-hours of employment, step into the void largely left by the private sector and close the province’s infrastructure gap.
The move: The last one per cent of the small business tax will be eliminated by the end of 2010, the final step in ridding entrepreneurs of a levy that was at eight per cent in 1999.
The goal: To improve the bottom line of the province’s small- and medium-sized businesses, which are major drivers of the economy.
The move: The Manitoba Mineral Exploration Tax Credit will be extended for three more years, doubling the credit in 2009 and tripling it in 2010. The mining tax will be reduced to 10, 15 and 17 per cent, down from 18 per cent, depending on taxable income.
The goal: To give a much-needed boost to one of the province’s most crucial industries which has been hit hard by falling commodity prices.
The move: The top income tax bracket threshold goes to $67,000 from $66,000, the middle income tax bracket to $31,000 from $30,544 and the basic personal tax exemption, spousal amount and eligible dependent amount are nudged up by $100.
The goal: To put some amount, however small, back into the pockets of Manitobans.
The move: The value of loans available through the Manitoba Industrial Opportunities Program will be tripled.
The goal: To enable businesses to create or maintain jobs by expanding or upgrading their operations.
The move: Reducing the interest rates on Power Smart loans offered by Manitoba Hydro to five per cent from 6.5 per cent.
The goal: To encourage Manitobans to invest in green and eco-friendly products and technologies to reduce their carbon footprint.