Release of 2024 Manitoba Budget

Manitoba Minister of Finance Adrien Sala tabled the province’s 2024 budget today. This year’s budget, titled One Future. One People. One Manitoba., is focused on rebuilding healthcare, lowering costs for families, creating healthier families and safer communities, and growing Manitoba’s economy.

This budget invests $116 million to build and maintain social and affordable housing while also strengthening rent control. A new Rental Housing Construction Tax Credit will be introduced effective for the 2024 tax year. The tax credit will provide $8,500 for the construction of new market-rate rental units and $13,500 for units classified and maintained as affordable units for at least 10 years. The Rental Housing Construction Tax Credit will be fully refundable to non-profit organizations. For other businesses, $8,500 will be fully refundable on all units, with an additional $5,000 non-refundable credit available over 10 years for affordable units.

See the new budget for yourself on the government’s website:

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