No changes to the budget, despite the province’s spring election
Newfoundland and Labrador will not be making changes to its 2019 provincial budget, despite the provincial election that was called a month after the budget was introduced in April 2019. Instead, now that the same party (the Liberal party) has won the election and formed a minority government, Newfoundland and Labrador re-introduced its original 2019 budget on June 11, 2019.
The province has one outstanding tax measure remaining from this budget, which will eliminate sales tax on automobile insurance premiums. The government says this measure will be implemented by early July and retroactive to April 16, 2019.
To review Newfoundland and Labrador's 2019 provincial budget, (see TaxNewsFlash-Canada no. 2019—20, "Highlights of the 2019 Newfoundland and Labrador Budget".
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Information is current to June 18, 2019. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500