New Brunswick’s Finance Minister Ernie Steeves delivered the province’s 2020 budget on March 10, 2020.
New Brunswick's Finance Minister Ernie Steeves delivered the province's 2020 budget on March 10, 2020. The budget anticipates a surplus of $92.4 million for 2020 and projects a surplus of $74 million for 2021, and a surplus of $49 million for 2022. Although the budget does not include any new changes to the corporate or personal tax rates, it reduces property tax rates for commercial properties and residential non-owner-occupied properties over four years beginning in the 2021 taxation year and decreases gasoline tax and diesel tax to partially offset its carbon tax.
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