Brandon’s municipal taxes for business are very competitive with cities across Canada. Within Manitoba, Brandon is a community that remains among the lowest commercial mill rates. It must be noted that Brandon does not levy a separate business tax.
| City of Brandon Property Tax Mill Rates, 2023 | ||||
| Municipal | Local Education | Foundation | Total | |
| Residential | 15.553 | 13.747 | 0 | 29.300 |
| Commercial | 15.553 | 13.747 | 8.140 | 37.440 |
| Residential & Commercial Mill Rate Comparison (Education & Municpal combined) | |||
| Community | Residential Mill Rate | Commercial Mill Rate | Business Tax |
| Brandon (2023) | 29.300 | 37.440 | 0 |
| Dauphin (2023) | 31.807 | 39.947 | 0 |
| Portage la Prairie (2023) | 32.563 | 40.703 | 0 |
| Steinbach (2023) | 25.686 | 33.826 | 0 |
| Thompson (2023) | 46.287 | 54.427 | 0 |
| **Winnipeg (2023) | 26.439 | 34.852 | % of Annual Rental Value |
**Winnipeg, local education portion based on Winnipeg School Division.
See the Manitoba Assessment Branch website for more detail on how property taxes are assessed.
| Corporate Taxes and Payroll Costs 2023 | |||
| Canada & Manitoba | Federal | Provincial | Total |
| Total Federal & Provincial Corporate Income Tax Rate | 15% | 12% | 27% |
| Total Federal & Provincial Small Business Income Tax Rate | 9% | 0% | 9% |
| Provincial Retail Sales Tax | 7.0% | ||
| Federal Goods & Services Tax (GST) | 5.0% | ||
| Major Payroll Costs (Statutory) | Rate | ||
| Employment Insurance | 1.63% to maximum of $1,403.43 | ||
| Canada Pension Plan | 5.95% to a maximum of $3,754.45 | ||
| Payroll Tax under $2 Million | Exempt | ||
| Payroll Tax - between $2 Million and $4 Million | 4.3% on the amount in excess of $2 Million | ||
| Payroll Tax - Above $4 Million | 2.15% of the total payroll | ||
Source: Manitoba Finance & Canada Revenue Agency