Changes to your taxes in 2025: At the pump, at home and on your paycheque
CBC
There's only one thing more inevitable than death and taxes: Bad jokes at the beginning of the year about the inevitability of death and taxes.
With that hideous cliché out of the way, here's how federal, provincial and municipal taxes will change for residents of Manitoba and Winnipeg in 2025:
Basic personal income amount (non-refundable tax credit): Up $424 to $16,129.
First personal income tax bracket (income taxed at 15 per cent): Ceiling rises to $57,375 from $55,867.
Second personal income tax bracket (income taxed at 20. 5 per cent): Ceiling rises to $114,750 from $111,733.
Third personal income tax bracket (income taxed at 26 per cent): Ceiling rises to $177,882 from $173,205.
Fourth personal income tax bracket (income taxed at 29 per cent): Ceiling rises to $253,414 from $246,752 .
Fifth personal income tax bracket (income taxed at 33 per cent): Floor rises to $253,414.
Canada Pension Plan: Maximum pensionable earnings increase by $2,800 to $71,500. This increases the maximum contribution for the year by $166.60 to $4,034.10.
Employment Insurance: The E.I. tax rate drops 0.02 percentage points to 1.64 per cent, but the maximum insurable amount increases by $2,500. This results in up to additional taxes of as much as $28 per worker and $40 per employer.
Carbon tax: Slated to rise April 1 to $95 a tonne, increasing taxes on gasoline by 3.3 cents per litre.
Fuel tax: Returns after a one-year absence. As of Jan. 1, the provincial gas tax will be 12.5 cents per litre.
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