Payroll Tax Changes For July 1, 2023
The following settings are based on the CRA document T4127–Payroll Deductions Formulas for Computer Programs – 118th Edition.
Effective July 1, 2023, there are no changes made to Federal Tax, EI nor CPP. The only change made are to the Manitoba Global Provincial Exemptions. There is no change to any other province.
Global Provincial Exemptions
For Manitoba only, add the new Provincial exemptions using the effective date of July 1, 2023. Leave the previous Provincial exemptions as is. The following tables detail the exemption ranges and the exemption mid-points. It is up to each site to determine if they want to use the high end of each range or the mid-point of each range as the exemption amounts.
On March 7, 2023, the Government of Manitoba announced an increase to the basic personal amount, effective January 1, 2023. Subject to approval by the Government of Manitoba, the basic personal amount will increase from $10,855 to $15,000. Since employees have received a lower basic personal amount for the first six months of the year (2023), a prorated basic personal amount of $19,145 will apply for the remaining six months commencing with the first payroll in July 2023.
Manitoba
|
Exemption Code |
Range |
Mid-Point |
|
01 |
min – 19,145 |
19,145.00 |
|
02 |
19,145 - 20,838 |
19,991.50 |
|
03 |
20,838 – 22,531 |
21,684.50 |
|
04 |
22,531 – 24,224 |
23,377.50 |
|
05 |
24,224 – 25,917 |
25,070.50 |
|
06 |
25,917 – 27,610 |
26,763.50 |
|
07 |
27,610 – 29,303 |
28,456.50 |
|
08 |
29,303 – 30,996 |
30,149.50 |
|
09 |
30,996 – 32,689 |
31,842.50 |
|
10 |
32,689 – 34,382 |
33,535.50 |