The beginning of the new year also saw some new tax measures take effect that will benefit Manitobans.
Beginning on January 1, the provincial sales tax was removed from the preparation of wills, health-care directives and powers of attorney. These are measures that are important in planning for Manitobans and there should not be a financial disincentive for individuals to take these initiatives if they so choose. It is estimated that this will save Manitobans approximately $1 million annually. In addition, it has been announced that probate fees will be eliminated on July 1 of this year.
Our government is also continuing to index the Basic Personal Amount as well as personal income tax brackets. This ensures that the amount that Manitobans can earn before paying taxes continues to increase so that they can keep more of their money in their pocket. As a result of this measure, approximately 7,600 Manitobans have been removed from the tax roll saving them approximately $75 million and allowing them to keep more of the money they earn.
These measures are in addition to the reduction of the PST last year from 8% to 7% which saves Manitobans money virtually every time they go shopping. And it is part of our overall 2020 Tax Rollback Guarantee which will help save Manitobans an average of $2,020 over the next four years. Our government believes that Manitobans deserve to keep more of the money that they earn and we are keeping our commitment to make life more affordable.