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Canada: Tax measures in 2020 budget, New Brunswick

Canada: Tax measures in 2020 budget, New Brunswick

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

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The budget does not propose changes to the corporate or individual (personal) tax rates.

The 2020 budget includes proposals to reduce the property tax rates for commercial properties and for residential non-owner-occupied properties over four years beginning in the 2021 tax year. The budget also proposes to reduce the rates of the gasoline tax and diesel tax to partially offset the province’s planned carbon tax.

Read a March 2020 report [PDF 180 KB] prepared by the KPMG member firm in Canada

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