| Protected B when completed | ||||||||||||||||||||||||
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Manitoba Tax |
T3MB2024 |
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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 47 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: |
$47,000 or less |
more than $47,000, but not more than $100,000 |
more than $100,000 |
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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 | ||||||||||||||||||||
| Line 6 plus line 7 | ||||||||||||||||||||||||
| Manitoba tax on taxable income | = | = | = | 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 | ||||||||||||||||||||
| Line 10 plus line 11 | Donations and gifts tax credit | 14014 | = | •12 | ||||||||||||||||||||
Step 3 – Manitoba Tax |
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| Enter the amount from line 8 or line 9 above. | 14021 | •13 | ||||||||||||||||||||||
| Manitoba recovery tax (line 43 of Form T3QDT-WS) | 14022 | + | •14 | |||||||||||||||||||||
| Line 13 plus line 14 | Subtotal | = | 15 | |||||||||||||||||||||
| Family tax benefit | ||||||||||||||||||||||||
| $2,065 minus [ 9% x (line 33 of the return)] (If negative, enter "0") | = | x | 10.8% = | 14120 | – | •16 | ||||||||||||||||||
| Line 15 minus line 16 (if negative, enter "0") | Subtotal | = | 17 | |||||||||||||||||||||
| Donations and gifts tax credit (line 12) | 18 | |||||||||||||||||||||||
| Dividend tax credit: | ||||||||||||||||||||||||
| Line 24 of Schedule 8 | x 29.0526% = | 14018 | + | •19 | ||||||||||||||||||||
| Line 31 of Schedule 8 | x 6.0068% = | 14015 | + | •20 | ||||||||||||||||||||
| Minimum tax carryover: | ||||||||||||||||||||||||
| Line 20 of Schedule 11 | x 50% = | 14016 | + | •21 | ||||||||||||||||||||
| Add lines 18 to 21. | Total credits | = | ► | – | 22 | |||||||||||||||||||
| Line 17 minus line 22 (if negative, enter "0") | Subtotal | = | 23 | |||||||||||||||||||||
| Manitoba additional tax for minimum tax purposes (amount F from Chart 3 of Schedule 12) | 14002 | + | •24 | |||||||||||||||||||||
| Line 23 plus line 24 | Subtotal | 14005 | = | 25 | ||||||||||||||||||||
| Total Manitoba political contributions | 14141 | 26 | ||||||||||||||||||||||
| Allowable political contribution tax credit (see instructions on page 2) | 14140 | •27 | ||||||||||||||||||||||
| Manitoba foreign tax credit | ||||||||||||||||||||||||
| (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) | 14080 | + | •28 | |||||||||||||||||||||
| Line 27 plus line 28 | Subtotal | = | ► | – | 29 | |||||||||||||||||||
| Line 25 minus 29 (if negative, enter "0") | Manitoba tax | 14170 | = | 30 | ||||||||||||||||||||
| Enter the amount of line 30 on line 50 of the return. | ||||||||||||||||||||||||
| T3MB E (24) | (Ce formulaire est disponible en français.) | Page 1 of 2 |  |
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| Protected B when completed | ||||||||||||||||||||||||
| Line 27 – 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 26. | ||||||||||||||||||||||||
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 27. | ||||||||||||||||||||||||
| Paid work experience tax credit | ||||||||||||||||||||||||
| A trust can claim this credit if in 2024 it paid salaries or wages to one of the following persons for work performed primarily in Manitoba: | ||||||||||||||||||||||||
| • | 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 2024 | |||||||||||||||||||||||
| • | 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 67 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 2024, 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 69 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 (24) | Page 2 of 2 | |||||||||||||||||||||||