| Protected B when completed | ||||||||||||||||||||||||
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Manitoba Tax |
T3MB2023 |
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| Complete this form for a trust resident in Manitoba or for a non-resident trust that carries on a business through a permanent establishment in Manitoba. Include a completed copy of this form with the trust's return. |
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| Taxable income (line 43 of the return) | 1 | |||||||||||||||||||||||
Step 1 – Manitoba tax on taxable income |
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| Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT) | ||||||||||||||||||||||||
| Use the amount on line 1 to determine which one of the following columns you have to complete. | ||||||||||||||||||||||||
If the amount from line 1 is: |
$36,842 or less |
more than $36,842, but not more than $79,625 |
more than $79,625 |
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| Enter the amount from line 1. | 2 | |||||||||||||||||||||||
| Base amount | – | – | – | 3 | ||||||||||||||||||||
| Line 2 minus line 3 | = | = | = | 4 | ||||||||||||||||||||
| Rate | x | 10.8% | x | 12.75% | x | 17.4% | 5 | |||||||||||||||||
| Line 4 multiplied by line 5 | = | = | = | 6 | ||||||||||||||||||||
| Tax on base amount | + | + | + | 7 | ||||||||||||||||||||
| Manitoba tax on taxable income (line 6 plus line 7) | = | = | = | 8 | ||||||||||||||||||||
| Trusts other than GRE and QDT | ||||||||||||||||||||||||
| Manitoba tax on taxable income: | (amount from line 1) | x | 17.4% = | 9 | ||||||||||||||||||||
Step 2 – Donations and gifts tax credit |
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| Total donations and gifts | ||||||||||||||||||||||||
| Line 14 of Schedule 11A | 14012 | |||||||||||||||||||||||
| On the first $200 or less | x | 10.8% = | 10 | |||||||||||||||||||||
| On the remainder | x | 17.4% = | + | 11 | ||||||||||||||||||||
| Donations and gifts tax credit (line 10 plus line 11) | 14014 | = | •12 | |||||||||||||||||||||
Step 3 – Manitoba Tax |
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| Enter the amount from line 8 or line 9 above. | 14021 | •13 | ||||||||||||||||||||||
| Family tax benefit | ||||||||||||||||||||||||
| $2,065 minus [ 9% x (line 31 of the return)] (If negative, enter "0".) | = | x | 10.8% = | 14120 | – | •14 | ||||||||||||||||||
| Subtotal (line 13 minus line 14. If negative, enter "0".) | = | 15 | ||||||||||||||||||||||
| Donations and gifts tax credit (line 12) | 16 | |||||||||||||||||||||||
| Dividend tax credit | ||||||||||||||||||||||||
| Line 24 of Schedule 8 | x 29.0526% = | 14018 | + | •17 | ||||||||||||||||||||
| Line 31 of Schedule 8 | x 6.0068% = | 14015 | + | •18 | ||||||||||||||||||||
| Minimum tax carryover | ||||||||||||||||||||||||
| Line 19 of Schedule 11 | x 50% = | 14016 | + | •19 | ||||||||||||||||||||
| Total credits (add lines 16 to 19) | = | ► | – | 20 | ||||||||||||||||||||
| Subtotal (line 15 minus line 20. If negative, enter "0".) | = | 21 | ||||||||||||||||||||||
| Manitoba additional tax for minimum tax purposes (amount F from Chart 3 of Schedule 12) | 14002 | + | •22 | |||||||||||||||||||||
| Subtotal (line 21 plus line 22) | 14005 | = | 23 | |||||||||||||||||||||
| Total Manitoba political contributions | 14141 | 24 | ||||||||||||||||||||||
| Allowable political contribution tax credit (see instructions on page 2) | 14140 | •25 | ||||||||||||||||||||||
| Manitoba foreign tax credit | ||||||||||||||||||||||||
| (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) | 14080 | + | •26 | |||||||||||||||||||||
| Subtotal (line 25 plus line 26) | = | ► | – | 27 | ||||||||||||||||||||
| Manitoba tax (line 23 minus 27. If negative, enter "0".) | 14170 | = | 28 | |||||||||||||||||||||
| Enter the amount of line 28 on line 45 of the return. | ||||||||||||||||||||||||
| T3MB E (23) | (Ce formulaire est disponible en français.) | Page 1 of 2 |  |
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| Protected B when completed | ||||||||||||||||||||||||
| Line 25 – Allowable political contribution tax credit | ||||||||||||||||||||||||
| A trust can deduct, from its taxes payable to Manitoba, part of the amounts it paid to: | ||||||||||||||||||||||||
| • | a registered political party in Manitoba; or | |||||||||||||||||||||||
| • | a candidate seeking election to the Manitoba legislature. | |||||||||||||||||||||||
| Attach an official receipt to the return as proof of payment, and use the applicable column to calculate the allowable credit. | ||||||||||||||||||||||||
| Total political contributions in the year: | A | |||||||||||||||||||||||
| Enter amount A on line 24. | ||||||||||||||||||||||||
Contributions of $400 or less |
Contributions more than $400, but not more than $750 |
Contributions more than $750, but not more than $2,325 |
Contributions over $2,325 |
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| Amount A | 1 | |||||||||||||||||||||||
| Contribution base | – | – | – | 2 | ||||||||||||||||||||
| Line 1 minus line 2 | = | = | = | 3 | ||||||||||||||||||||
| Credit rate | x 75% | x 50% | x 33.33% | 4 | ||||||||||||||||||||
| Line 3 multiplied by line 4 | = | = | = | 5 | ||||||||||||||||||||
| Base credit | + | + | + | 6 | ||||||||||||||||||||
| Allowable credit (line 5 plus line 6) | = | = | = | 1,000.00 | 7 | |||||||||||||||||||
| Enter this amount on line 25. | ||||||||||||||||||||||||
| Paid work experience tax credit | ||||||||||||||||||||||||
| A trust can claim this credit if in 2023 it paid salaries or wages: | ||||||||||||||||||||||||
| • | to a qualifying youth for a qualifying period of employment that started after September 1, 2015 | |||||||||||||||||||||||
| • | to a co-op student for a qualifying work placement in 2023 | |||||||||||||||||||||||
| • | to a co-op graduate for a qualifying period of employment | |||||||||||||||||||||||
| • | to an apprentice for a qualifying period of employment | |||||||||||||||||||||||
| • | to an journey person for a qualifying period of employment | |||||||||||||||||||||||
| On line 61 of the trust's return, enter the total paid work experience tax credit. For more information, refer to Form T2SCH384, Manitoba Paid Work Experience Tax Credit (2015 and later tax years). |
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| Green energy equipment tax credit | ||||||||||||||||||||||||
| A trust can claim this credit if, in 2023, it installed a geothermal heat pump system or specified solar heating equipment, or biomass fuel energy equipment that is installed in Manitoba and used in a business. The credit has been expanded to include gasification equipment and equipment for co-generation of energy using biomass fuel. Enter the amount of the credit on line 63 of the trust's return. For more information, go to gov.mb.ca/finance/tao/green.html. |
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| If you have questions... | ||||||||||||||||||||||||
| If you have questions about Manitoba tax, visit the Canada Revenue Agency (CRA) website at canada.ca/taxes, or call the CRA at 1-800-959-8281. | ||||||||||||||||||||||||
| See the privacy notice on your return. | ||||||||||||||||||||||||
| T3MB E (23) | Page 2 of 2 | |||||||||||||||||||||||