Annual Reports
The Manitoba government has released the government's public accounts for the 2018-19 fiscal year.
The year-end financial results show a deficit of $163 million, which is $358 million lower than the budgeted deficit of $521 million.
Household Taxes and Fees: An Infographic
It can be hard for Manitobans to see how they fit into the government's accounts and budgets. This infographic helps to tell our financial story at a more individual level. It summarizes the taxes and fees paid by an average Manitoba family in 2018/19, how that money was spent and how much was borrowed to cover the deficit and capital projects (NOTE: The numbers include capital projects of more than 170 Other Reporting Entities like regional health authorities, schools, universities, Crown corporations like Manitoba Hydro, agencies, boards and commissions which are captured in our budget).
The infographic is based on specific assumptions for a typical Manitoba household, such as income earned, number of vehicles registered, fuel consumption and utilities, among others. The expenditures are based on 2018/19 public accounts data shared equally per family, based on 500,000 households in Manitoba and excluding funding sources that aren't taxes or fees (like federal government transfers).
- More than 75 per cent of provincial taxes and fees cover our largest social envelopes - health care, public and post-secondary education and social services to help vulnerable Manitobans.
- Debt servicing costs represent the fourth largest expenditure.
- All other spending accounts for 20 per cent of a family's taxes and fees for parks, sports, culture and heritage, road infrastructure and flood protection, agriculture, emergencies and running government.
- The amount borrowed to pay for capital projects, which are important for growing our economy, protecting property and expanding utilities like Keeyask and BiPole III, are more than the amount spent per family on any of the other goods and services provided by the province.
Additional technical notes:
Income: Statistics Canada median total income of Manitoba households in 2015 ($) indexed by 2 per cent each year to current year
Individual Income Tax: Calculated for a household with two taxpayers earning an income of $35,000 each, and includes no other tax deductions except the basic personal amount
Automobile and Motor Carrier licences and fees: Vehicle insurance and registration fees based on 2017 Manitoba Public Insurance Corporation Annual Report example of two drivers/vehicles, 35 year old couple with no claims or convictions
Retail Sales Tax: Assumes $20,000 is spent by the household on taxable goods such as vehicles, utilities, telecommunications (cell phones, internet, TV), clothing, restaurant meals and other goods and services at seven per cent
Fuel Tax: Gasoline for two vehicles, and both vehicles are used a combined 40,000 km per year. Using the fuel consumption for a vehicle like a Honda Civic, the average driver would pay approximately $1,400 in fuel for 20,000 km.
Parks: One provincial park annual pass and two weekends camping
Environmental Protection Taxes: Assumed 8x12 packs of cans, 40 bottles, one midsize TV, small electronics/accessories, two cell phones, batteries
Education Property Tax: Assumes a house assessed at $296,500, the average in Winnipeg
Education Property Tax Credit: The basic $700 credit which reduces school tax payable on a house.
Services fees and other misc. charges: Includes Hydro fees assuming average consumption of 1,500kWH/month
"Where do my taxes go?": Represents total household tax dollars in proportion to the total amount of government expenditures by ministry.
The costs of running government: Includes expenditures for the Legislative Assembly, Executive Council, Civil Service Commission, Manitoba Finance, Indigenous and Northern Relations, enabling appropriations and employee pensions and other costs
