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