To keep the Manitoba economy vibrant, growing and competitive, Finance Minister Harold Gilleshammer delivered a budget today which cuts taxes and provides incentives to promote further growth.
Tax cuts stimulate growth and job creation.
Lower taxes, as the result of balanced budgets, are essential to our ability to be competitive with other jurisdictions. Gilleshammer said the budget builds on previous tax cuts and tax reductions contained in the recent federal budget. For 1999, Manitoba s personal income tax rate will be cut to 48.5 per cent of basic federal tax. Paycheques will reflect the change on July 1, 1999. The budget tabled today also slashes the small business income tax rate to promote a competitive environment for small business and keep the economy growing.