Manitoba Tax Rates for 2026

The top combined federal and Manitoba marginal rate is 50.40% on taxable income over $258,482. Capital gains are taxed at half your marginal rate, up to 25.20%.

Marginal and capital gains rates by income

Manitoba combined marginal and capital gains tax rates by taxable income, 2026
Taxable income	Marginal rate	Capital gains rate
Up to $47,000	24.80%	12.40%
$47,000 to $58,523	26.75%	13.38%
$58,523 to $100,000	33.25%	16.63%
$100,000 to $117,045	37.90%	18.95%
$117,045 to $181,440	43.40%	21.70%
$181,440 to $258,482	46.40%	23.20%
Over $258,482	50.40%	25.20%

Rates apply to the next dollar of taxable income above the basic personal amounts. Sources: CRA 2026 federal and provincial brackets, cross-checked against KPMG's 2026 table. Credits, the alternative minimum tax and income-tested benefits are not included. Estimates only, not tax advice.

Example: a $20,000 capital gain

With $120,000 of other taxable income in Manitoba, half of the gain ($10,000) is added to your income. The extra federal and provincial tax is about $4,340, an effective rate of 21.70% on the gain. A capital loss of the same size in the same year would save about the same amount.

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Frequently asked questions

What is the top marginal tax rate in Manitoba in 2026?

The top combined federal and provincial rate in Manitoba is 50.40%, on taxable income over $258,482.

What is the capital gains tax rate in Manitoba?

Half of a capital gain is taxable, so the rate on a gain is half of your marginal rate: from 12.40% on lower incomes up to 25.20% at the top.

How much tax would I pay on a $20,000 capital gain in Manitoba?

With $120,000 of other taxable income, a $20,000 gain adds about $4,340 of federal and Manitoba tax, an effective rate of 21.70% on the gain.