This schedule is a worksheet only and is used by corporations that had a permanent establishment in Manitoba (as defined in section 400 of the federal Income Tax Regulations) to calculate the following for each period in Manitoba:
(a) Income eligible for the Manitoba lower and higher tax rates;
(b) Income from active business when there is a partnership;
(c) Total Manitoba tax at the lower and higher rates before credits.
The amount calculated in (c) above transfers to Schedule 5 in the Provincial or territorial tax payable before credits column for Manitoba and to line 230 of Schedule 5.
See also