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Highlights of the 2020 New Brunswick Budget

Highlights of the 2020 New Brunswick Budget

New Brunswick’s Finance Minister Ernie Steeves delivered the province’s 2020 budget on March 10, 2020.

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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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