Province Introduces Law for Financial Support During COVID-19

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The Manitoba government has introduced the necessary legislation to finalize the 2021 Budget process.

Finance Minister Scott Fielding made the announcement, which aims to provide financial support for the provincial government’s fight against the COVID-19 pandemic. The budget also intends to make life more affordable for Manitobans.

“While COVID-19 continues to be the most significant challenge of our time, Budget 2021 provides significant financial relief for hardworking Manitobans, while delivering record investments in the services Manitobans rely on and depend on.” , Fielding notes. “This law continues our efforts to protect the lives and livelihoods of Manitobans and to help position our province for recovery.”

The proposed legislation, dubbed BITSA, would reduce payroll taxes for small and medium-sized businesses, exempt personal services from retail sales tax, such as haircuts and spa services, return the tax credit for the permanent book publishing, and more.

the $ 248 million education property tax refund, which passed in May, will also be included in this budget. Fielding adds that the budget supports the $ 2,020 tax reduction guarantee, which can save the average household $ 275 per year.

To view the full press release on the Budget Implementation Bill, click here.

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