Canada: Tax measures in 2021 budget (New Brunswick)

Canada: Tax measures in 2021 budget (New Brunswick)

New Brunswick’s budget for 2021—presented 16 March 2021—does not include any proposed changes to the corporate or individual (personal) tax rates.

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The budget confirms that the province's carbon tax would increase to $40* per tonne (from $30 per tonne) on 1 April 2021, as required by Canada’s federal carbon tax backstop program. Therefore, the carbon tax in New Brunswick would increase by 2.21 cents per litre for gasoline and 2.68 cents per litre for diesel.
 

Read a March 2021 report [PDF 239 KB] prepared by the KPMG member firm in Canada

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