Manitoba drops small business tax to zero

December 1 marks the day that Manitoba transforms into a zero-per-cent small-business tax rate province in Canada.

This move by the Manitoban government was commended by Catherine Swift, president of the Canadian Federation of Independent Business (CFIB). It allows small business to keep more of their profits and reinvest in their companies, their employees and their communities.

Similar t to the personal income tax system, all business pay a reduced provincial corporate income tax rate up to a provincial threshold, which varies between $ 400,000 and $ 500,000. After that threshold, the higher general corporate tax rate applies.

But make no mistake—businesses in Manitoba still pay a host of taxes and contribute to the functioning of government. Nonetheless, this is a step in the right direction.

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Cut spending, Sam

The City of Winnipeg got a staggering $61 million more from the province last year than it expected, according to the Department of Intergovernmental Affairs 2008-09 annual report tabled in the legislature Thursday.
Yet we still hear Mayor Sam Katz and city council whine that they’re not getting their share of provincial and federal tax dollars.
At some point, these guys have to give their heads a shake.
The provincial government had budgeted $156 million for the city in its 2008 budget, including conditional and unconditional grants, and specific funding for areas such as road repair.
But that figure soared to $217 million by the end of the year after the province topped up funding in a number of areas. It makes a mockery of the complainers at city hall who claim they’re starved for cash and may have to raise property taxes as a result.
The province had budgeted $92 million for the city under its Building Manitoba Fund, where the province shares a percentage of income, corporate and gas taxes with the city.
That transfer grew to $97 million by the end of the year due to higher than anticipated income and fuel taxes.
The city also got a major boost in unconditional grants it receives from the province. That grant, which the city can spend however it wants, was originally set at $20 million for the year. But it was topped up to $35 million “to assist the city in meeting its budgetary pressures.” I believe that’s called a bailout.
The city got just over $1 million more in gaming money from the province than expected, for a total of $15.7 million.
They also got $15 million more than expected in capital assistance from the province, primarily to help pay for the southwest rapid transit corridor.
City hall got a windfall from Broadway for road repair. The original budget for road and bridge repair was $20 million. But the city ended up getting a $45-million jackpot instead, primarily because the province agreed to accelerate $25 million in 2009 roads funding.
There were a few other categories that didn’t change much from the original budget. But all told, the city got a $217-million windfall from the province, up 39% from what was originally budgeted.
Despite that, we still hear the usual complaints from the mayor and city council that they’re not getting their fair share of the taxation pie. And they threaten that if they don’t get more, they may have to raise property taxes.
How much more do they need?
Perhaps if they got their own spending under control they could solve whatever money problems they claim to have.
The city still hasn’t cut its bloated bureaucracy, despite claims to the contrary by Katz. In 2003, there was an average of 8,385 people on the payroll at city hall. Five years later, that number was up slightly to 8,402, according to the city’s own annual financial reports.
Worse, labour costs at the city soared 21% between 2003 and 2008, up $100 million.
The truth is, the city has a spending problem, not a revenue problem.
They should solve that first.
http://www.winnipegsun.com/news/columnists/tom_brodbeck/2009/10/04/11288126-sun.html

The City of Winnipeg got a staggering $61 million more from the province last year than it expected, according to the Department of Intergovernmental Affairs 2008-09 annual report tabled in the legislature Thursday.

Yet we still hear Mayor Sam Katz and city council whine that they’re not getting their share of provincial and federal tax dollars.

At some point, these guys have to give their heads a shake.

The provincial government had budgeted $156 million for the city in its 2008 budget, including conditional and unconditional grants, and specific funding for areas such as road repair.

But that figure soared to $217 million by the end of the year after the province topped up funding in a number of areas. It makes a mockery of the complainers at city hall who claim they’re starved for cash and may have to raise property taxes as a result.

The province had budgeted $92 million for the city under its Building Manitoba Fund, where the province shares a percentage of income, corporate and gas taxes with the city.

That transfer grew to $97 million by the end of the year due to higher than anticipated income and fuel taxes.

The city also got a major boost in unconditional grants it receives from the province. That grant, which the city can spend however it wants, was originally set at $20 million for the year. But it was topped up to $35 million “to assist the city in meeting its budgetary pressures.” I believe that’s called a bailout.

The city got just over $1 million more in gaming money from the province than expected, for a total of $15.7 million.

They also got $15 million more than expected in capital assistance from the province, primarily to help pay for the southwest rapid transit corridor.

City hall got a windfall from Broadway for road repair. The original budget for road and bridge repair was $20 million. But the city ended up getting a $45-million jackpot instead, primarily because the province agreed to accelerate $25 million in 2009 roads funding.

There were a few other categories that didn’t change much from the original budget. But all told, the city got a $217-million windfall from the province, up 39% from what was originally budgeted.

Despite that, we still hear the usual complaints from the mayor and city council that they’re not getting their fair share of the taxation pie. And they threaten that if they don’t get more, they may have to raise property taxes.

How much more do they need?

Perhaps if they got their own spending under control they could solve whatever money problems they claim to have.

The city still hasn’t cut its bloated bureaucracy, despite claims to the contrary by Katz. In 2003, there was an average of 8,385 people on the payroll at city hall. Five years later, that number was up slightly to 8,402, according to the city’s own annual financial reports.

Worse, labour costs at the city soared 21% between 2003 and 2008, up $100 million.

The truth is, the city has a spending problem, not a revenue problem.

They should solve that first.

http://www.winnipegsun.com/news/columnists/tom_brodbeck/2009/10/04/11288126-sun.html

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2010 Property Tax Reassessment Notice: WHY? WHEN? HOW?

WHY?

Under provincial legislation, all properties across Manitoba are being reassessed regularly to make sure that taxes are fairly shared according to the assessed value of owned or leased properties. This is also done to ensure that the assessed values keep pace with real estate market conditions and help property owners understand and evaluate their own assessments.

WHEN?

The new assessment becomes effective in 2010, and will be used on your 2010 property tax statement. Assessment notices are being mailed in advance of the 2010 tax year. This action will benefit you as a property owner, as you will have more time to review your assessment and discuss it with an assessor. It is advantageous for the municipality too, as there will be more time to finalize assessments before the final roll is needed for tax purposes in 2010.

HOW?

Conveniently, you can get your assessment information online by visiting www.gov.mb.ca/assessment. Here, you’ll be informed about the assessment of all properties in Manitoba except in Winnipeg (Winnipeg assessments are available at www.winnipegassessment.com). You will also find answers to frequently asked questions.

Another way is to personally visit an assessor in a community near you. Assessors will hold Open Houses in many communities, offering you a convenient opportunity to discuss your assessment.

Property Tax Assessments to be Mailed Soon

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Release the HST analyses

The leaders of Manitoba’s opposition parties are correct to be concerned that a proposal to blend the GST and PST into a single harmonized sales tax could prove to be nothing more than cash grab by a Doer government desperately seeking lucre. But that said, why throw the baby out with the bathwater? Why not see the proposal as an opportunity and formulate a better alternative outcome? Why not, as the Free Press argues, harmonize the taxes and dedicate increased revenues to a fund that would reduce municipal infrastructure deficits and create property tax savings?

One reason Conservative Leader Hugh McFadyen and Liberal Leader Jon Gerrard might not be articulating alternatives were underlined by Mr. Gerrard. He noted that Finance Minister Greg Selinger has been looking at the issue for a decade and must by now have an extensive file on HST, and a thorough analysis of the impacts that would result from harmonization. Mr. Selinger should release that analysis so that an informed and reasoned debate can take place. In the absence of the information, it is understandable that critics — and those are lining up more on the left than the right — will leap to irrational conclusions. Continue reading

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How Can I Get More Information About Assessments

How can you get more information about assessments and your particular assessment in question

1) Over the Internet:  you can easily as well as conveniently obtain assessment information via the internet at the link of

http://www.gov.mb.ca/assessment

http://web5.gov.mb.ca/public/default.aspx

At these sites you can find :

- answers to your most frequently asked question (FAQ)
- assessments of all properties in Manitoba except in the City of Winnipeg (City of Winnipeg assessments are available at
www.winnipegassessment.com )

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Why Has My Property Been Reassessed ?

Why has my property been reassessed ?

Under provincial legislation, all properties across Manitoba are being reassessed regularly and on an ongoing as well as regular basis.

This is being done and accomplished on a regular basis for the reasons of:

- ensure taxes are fairly shared according to teh assessed value of owned or leased properties

- ensure assessed values keep pace with current as well as accurate and timely real estate market conditions

-  to help and best help property owners understand as well as evaluate their full property tax assessments

www.famouspeopleofmanitoba.ca

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Property Overassed ? Realty Property Tax Appeal Services

Cuyahoga County had its regular property assessment in 2006. Many of us homeowners in Cuyahoga County were not happy with new property taxes. The timing was not perfect, as property tax increase came along with sub-prime crisis, growth of foreclosure rate and market price adjustment of 2007. Many homeowners notice that assessed value is much higher than possible market value of their homes. There is a way to reduce your taxes if you file a complaint with Cuyahoga County before the end of the day of March 31, 2008. You may find all the forms and information about the procedure at the web site of Cuyahoga County Board of Revision http://bor.cuyahogacounty.us/.

As we get a lot of inquiries from our clients regarding the market condition in their neighborhoods, we in Local-n-Global Realty decided to offer our clients and friends free Market snapshot services. Please go to the front page of www.Local-n-Global.com and fill in the Evaluate your house form. You will receive the most up-to-date information about house listings and sales in your neighborhood. If you see that your house is over-assessed in comparison with the market value of the similar houses in your community, you may go ahead and ask the County Auditor for tax relief based on real market condition in your area. Please do not hesitate to use this service. It is accurate. It is free. We are here to help you.

Are your property taxes too high ?
Commercial / Business / Residential / Assessment Appeals
Sytko Property Services

We want our communities to prosper, our schools to get stronger, and our neighborhoods to be better. We are responsible tax payers. BUT – if there is any mistake in you

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