Starting on Wednesday, Manitobans will no longer have to pay PST on the preparation of wills.
Finance Minister Scott Fielding said that the move is part of the government’s 2020 Tax Rollback Guarantee.
“Many Manitobans do not have wills and reducing the cost may encourage more people to get one,” said Fielding. “Our government remains committed to making Manitoba’s tax environment more fair and affordable.”
The move will remove PST from the preparation of wills, health-care directives, and powers of attorney when created in conjunction with a will or a health-care directive.
The government predicts the move will save people nearly $1 million a year.
Fielding added that the 2020 Tax Rollback Guarantee, which was part of the government’s 100-action plan, and throne speech, will include the removal of probate fees starting July 1st.
“By removing probate fees and the provincial sales tax to prepare a will, we will save the average family estate more than $2,600 in unnecessary death taxes,” said Fielding.
The province promises to fully implement the 2020 Tax Rollback Guarantee over the next four years.
