WINNIPEG - Provincial Finance Minister Scott Fielding says property owners can expect a cheque in the mail soon.
Fielding says education property tax rebates totalling $250 million will be sent out to the owners of nearly 660,000 homes and businesses next week as it works toward keeping its promise to phase out the tax this year. Fielding says the rebate and phase out also allows the province to keep another promise a full year ahead of schedule, known as the $2,020 Tax Rollback Guarantee, and represents the biggest tax savings for Manitobans in history.
The government notes it’s doing the calculations and automatically mailing out the cheques ahead of the municipal property tax due date, so Manitobans don’t need to apply to receive them. Homeowners will get a 25 per cent rebate this year, but that rate will double in 2022. The province estimates the average rebate per property will be $1,140 during the next two years.
More details on the rebates are available on the province’s website.
Fielding says Manitoba is the only province in the country that uses school property taxes, which are set locally by each different municipality, to fund its education system.
The legislation also changes the Residential Tenancies Act, freezing the rent increase guideline at zero per cent in 2022 and 2023.