Dividend tax · Manitoba

Dividend tax in Manitoba

Manitoba's dividend tax credit is 8.00% of grossed-up eligible dividends and 0.7835% of grossed-up non-eligible dividends (2025 worksheet, latest published).

Here's what $1,000 of dividends costs in tax in Manitoba, next to the same $1,000 of interest.

Short answerWith $100,000 of other income in Manitoba, $1,000 of eligible dividends adds about $150 of 2026 tax (15%), non-eligible dividends about $270 (27%) and interest about $333 (33.3%). These are estimates from published brackets and credits.

Manitoba's dividend tax credit rates

Credit	Eligible dividends	Non-eligible dividends
Gross-up (federal rule)	38%	15%
Federal credit	15.0198%	9.0301%
Manitoba credit	8.0000%	0.7835%

Credits are a percentage of the grossed-up (taxable) amount: $1,000 of eligible dividends becomes $1,380 of taxable income, and the Manitoba credit on it is $110.40. Both credits are non-refundable, so they can reduce your tax to zero but not below.

Estimated 2026 tax on $1,000 of each kind of income

Other taxable income	Eligible dividends	Non-eligible dividends	Capital gains	Interest
$50,000	$51	$195	$134	$268
$100,000	$150	$270	$166	$333
$200,000	$327	$424	$233	$467

At lower incomes the dividend tax credit can exceed the tax on the grossed-up dividend. At higher incomes, half-taxed capital gains usually cost less than eligible dividends.

Manitoba 2026 income tax brackets used

Taxable income up to	Provincial rate
$47,564	10.80%
$101,200	12.75%
and above	17.40%

Basic personal amount used: $15,780. Manitoba's basic personal amount is reduced at higher incomes; the model uses the unreduced amount. The estimate leaves out other credits, health premiums and benefits.

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Estimate for education, not advice. This site does not recommend, rate or rank any security and does not know your full situation. Results depend on your inputs and the simplifications listed under Method. Check tax details with the CRA or IRS, or a qualified professional. Read the disclaimer.

Primary sources

Rules checked October 31, 2026. Tax rules and rates change; confirm current details on the official pages above.