Highlights of the 2020 Newfoundland and Labrador budget

Highlights of the 2020 Newfoundland and Labrador budget

Newfoundland and Labrador’s Finance Minister Siobhan Coady delivered the province’s 2020 budget on September 30, 2020

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​Newfoundland and Labrador's Finance Minister Siobhan Coady delivered the province's 2020 budget on September 30, 2020. The budget anticipates a deficit of $1.84 billion for the province's 2020-21 fiscal year. Although the budget does not include any new changes to the corporate or personal tax rates, it introduces a 20% tax on vaping products, and increases tax rates on tobacco and gasoline.

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