Brandon’s municipal taxes for business are very competitive with cities across Canada. In 2016 KMPG’s International Guide to Business Location, Competitive Alternatives, ranked Brandon 3rd lowest of 34 Canadian cities surveyed. Among other Manitoba communities Brandon has the second lowest commercial mill rate behind only Winnipeg, it must be noted that Brandon does not levy a separate business tax as Winnipeg does.
|City of Brandon Property Tax Mill Rates, 2019|
|Residential & Commercial Mill Rate Comparison (Education & Municpal combined)|
|Community||Residential Mill Rate||Commercial Mill Rate||Business Tax|
|Portage la Prairie (2018)||34.503||44.273||0|
|Thompson (2018)||38.159||49.988||4.49% of Annual Rental Value|
|**Winnipeg (2019)||28.420||38.240||5.18% of Annual Rental Value (2018)|
**Winnipeg, local education portion based on Winnipeg School Division.
See the Manitoba Assessment Branch website for more detail on how property taxes are assessed.
|Commercial Property Tax Rankings|
|Saulte St Marie||ON||5|
Source: KPMG Competitive Alternatives 2016 Business Costs Study
|Corporate Taxes and Payroll Costs 2019|
|Canada & Manitoba||Federal||Provincial||Total|
|Total Federal & Provincial Corporate Income Tax Rate||15%||12%||27%|
|Total Federal & Provincial Small Business Income Tax Rate||10%||0%||10%|
|Provincial Retail Sales Tax||8.0%|
|Federal Goods & Services Tax (GST)||5.0%|
|Major Payroll Costs (Statutory)||Rate|
|Employment Insurance||1.62% to maximum of $860.22|
|Canada Pension Plan||5.10% to a maximum of $2748.90|
|Payroll Tax under $1.25 million||exempt|
|Payroll Tax - between $1.25 Million and $2.5 Million||4.3% on the amount in excess of $1.25 Million|
|Payroll Tax - Above $2.5 Million||2.15% of the total payroll (the $1.25 million is not a deduction)|