Taxation Division 

Credit Unions and Caisses Populaires Profits Tax

Credit unions and caisses populaires with a permanent establishment in Manitoba are subject to a 1% profits tax on taxable income in excess of $400,000. Profits are defined as Manitoba taxable income as determined under federal income tax. The profits tax is reduced by any amount of Manitoba income tax payable in that year after deducting any tax credits. Credit union centrals, caisses populaires federations and deposit guarantee corporations are not subject to the profits tax.  

Manitoba Tax Publications

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