Tag Archives: Rosann Wowchuk

Moving Manitoba families forward with tax cuts

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Finance Minister Rosann Wowchuk introduced the Budget Implementation and Tax Statutes Amendment Act which would implement Budget 2011 and provide $65 million in tax cuts for families and businesses this year.

We have stayed on track with our five-year economic plan to ensure families have access to vital front-line services and also deliver significant tax savings for families. This year, tax cuts will save a family of four $212 and by 2014 that same family of four will save $374 a year.

The bill will deliver on nearly $110 million in new tax reductions once they are fully implemented and would freeze or reduce major taxes for the 12th consecutive year. Tax reductions proposed for families and property owners include:

• Increasing the basic Education Property Tax Credit by $50 to $700, which would save renters and homeowners an extra $16 million this year.

• Increasing basic personal income tax exemptions by $1,000 over four years, starting with $250 this year. By 2014, an additional 22,000 Manitobans would no long pay Manitoba income tax.

• Implementing a new Children’s Arts and Cultural Activity Tax Credit, to help parents introduce their children to activities such as art, music, drama, language instruction, environmental activities and personal tutoring.

• Increasing the maximum seniors’ Education Property Tax Credit by $150 to $950 in 2011. This credit would rise by $75 to $1,025 in 2012 and by another $75 to $1,100 in 2013.

• Increasing the Primary Caregiver Tax Credit by 25 per cent to a maximum of $1,275 to assist families caring for elderly Manitobans and other loved ones.

• Increasing the Farmland School Tax Rebate to 80 per cent from 75 per cent, which would save farmers an additional $2 million this year for a total of over $35 million annually.

This legislation would guarantee that provincial revenue sharing with municipalities will be no less than one-seventh of provincial sales tax revenue.

The minister noted the provincial small business income tax and the general corporation capital tax were completely eliminated this year. Other tax reductions for business would include:

• Increasing the Green Energy Equipment Tax Credit to 15 per cent from 10 for installations of geothermal heating systems.

• Creating a new Cultural Industries Printing Tax Credit to provide a 15 per cent refundable credit to support Manitoba-based printers.

• Providing a Capital Tax Exemption for small banks to attract and encourage the expansion of small, innovative financial institutions in Manitoba.

• Introducing a new employee share purchase plan tax credit to help business succession planning.

http://www.mysteinbach.ca/blogs/2253.html

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Few cottage owners sign up for tax increase deferral program

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Only four Manitoba cottage owners have signed up for the Selinger government’s cottage tax increase deferral program to help cottagers deal with rising municipal and school taxes.

The number was released in Question Period by Progressive Conservative Finance Critic Heather Stefanson after the Tories submitted a freedom of information request to the province.

Stefanson said seven applications were made to the province in 2010-11 for the deferral, but only four were accepted. One was withdrawn and two were rejected because the properties were not cottages. No applications have been received in 2011.

Stefanson said the popularity of the deferral program should be obvious when it’s estimated there are about 14,000 cottages in the province.

She said seven applications represents 0.05 per cent of eligible properties. The four approved applications represent a success rate of 0.03 per cent for the program.

“With success like that, who need failure?” Stefanson said in the house.

The government introduced the cottage tax increase deferral program a year ago in response to the rising municipal and school tax load put on seasonal cottagers. Many cottage properties that had increased sharply in value under the last province-wide property reassessment now pay a greater share of local school division taxes than permanent residents in the same division.

Under the deferral program, the provincial government will pay the increase in taxes on behalf of the cottager to the municipality. The cottager then pays the government back at a nominal interest rate. The amount owing is payable to the government upon the sale of the property, the death of the owner, when eligibility conditions are no longer met or at any time chosen by the owner.

Finance Minister Rosann Wowchuk defended the deferral program, saying it’s a viable option for cottagers dealing with steep tax increases.

“As we move forward more people may apply and more may take advantage of it,” Wowchuk said.

http://www.brandonsun.com/breaking-news/Few-cottage-owners-sign-up-for-tax-increase-deferral-program-120349949.html?thx=y

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RCMP mount up for checkstop season

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‘Tis the season for family gatherings, celebrations and checkstops.

Manitoba’s RCMP detachments begin their annual Christmas checkstop campaign today, joining other police agencies in the province, including Winnipeg police.

The RCMP campaign runs until Jan. 4. Officers will be looking for impaired drivers and people who aren’t wearing a seatbelt in locations across Manitoba. Police are urging people to buckle up and not get behind the wheel if they’ve been drinking.

Tories propose land-tax relief

The Manitoba Tories proposed a new law yesterday that would exempt first-time home buyers from the land transfer tax.

Tory finance critic Rick Borotsik introduced a private member’s bill yesterday that would allow anyone who had not previously owned a property, or whose spouse has not previously owned a property, to be exempt from paying the tax, which usually adds a few thousand dollars to a real estate purchase. Borotsik said his bill has the support of realtors’ associations in the province.

Finance Minister Rosann Wowchuk suggested the bill won’t make the cut as their focus has been on personal income tax and school tax.

Fire victim identity confirmed

Police have confirmed the victim of a fatal house fire in Winnipeg earlier this week is a widower whose wife died last spring.

Millard Haluk, 71, and his pet dog died in the blaze, which was accidental, police said. A fire official previously said the cause was electrical in nature. The fire, at Haluk’s Elmwood home at 598 Talbot Ave., was reported Monday at 6:50 a.m.

Haluk’s body was found near the back of the house on the main floor. It appeared the fire started at the rear.

Friends said Haluk was a hoarder who collected so many objects there was little room to move in the home.

This raised questions whether the home’s condition prevented his escape. Damage is estimated at $250,000, police said.

Friends said Haluk had been heartbroken and depressed since his 62-year-old wife, June, died in May.

http://www.winnipegsun.com/news/manitoba/2009/12/04/12033021-sun.html

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Tax relief for cottagers proposed

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The Manitoba government introduced legislation Friday aimed at helping Manitobans who own cottages manage escalating property taxes.

The Cottage Property Tax Increase Deferral Act was introduced by Finance Minister Rosann Wowchuk.

The act would create a cottage property tax deferral program for cottage owners whose property values skyrocketed as a result of the 2010 general reassessment. It would allow Manitobans to apply to defer payment of their property tax increases for 2010 and 2011.
The provincial government would pay the tax increase to the municipality on behalf of the cottage owner. A cottage owner would then repay the province the amount of deferred taxes, plus interest charged at a nominal rate, when the property is sold or the owner dies.

Applications for the cottage property tax deferral program would be available prior to owners receiving their 2010 property tax bills.

The Manitoba government bills the tax deferral as a way to keep Manitoba’s image as an affordable recreation destination, but critics say it only highlights the unfairness of the province’s taxation system.

The Manitoba Association of Cottage Owners and the Canadian Taxpayers Federation say if the province really wants to ease the tax burden on cottage owners, it should take education taxes off the property tax bill and fund schools solely through personal income taxes.

Cottage owners on Lake Winnipeg were hit last spring by an eye-popping rise in property values as a result of the most recent provincial reassessment. Victoria Beach cottage owners face an average value increase of 92 per cent, based on market prices in April 2008. The previous assessment was based on 2003 values.

Cottage values went up 79 per cent in Winnipeg Beach and 60 per cent in the Rural Municipality of Gimli, compared to an overall percentage increase of 46 per cent in the value of all single-family dwellings outside Winnipeg.

http://www.winnipegfreepress.com/local/tax-relief-for-cottagers-proposed-78587417.html

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