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Highlights of the 2021 New Brunswick budget

Highlights of the 2021 New Brunswick budget

New Brunswick’s Finance Minister Ernie Steeves delivered the province’s 2021 budget on March 16, 2021.

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New Brunswick's Finance Minister Ernie Steeves delivered the province's 2021 budget on March 16, 2021. The budget anticipates a deficit of $12.7 million for 2020-21, and projects deficits of $245 million for 2021-22 and $296 million for 2022-23. Although the budget does not include any new changes to the corporate or personal tax rates, it confirms that the province's carbon tax will increase to $40 per tonne (from $30 per tonne) on April 1, 2021, as required by the federal carbon tax backstop program.

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