Canada: Tax measures in 2022 budget (New Brunswick)

No new changes to the corporate or individual (personal) tax rates

No new changes to the corporate or individual (personal) tax rates

The 2022 provincial budget for New Brunswick was delivered 22 March 2022.

  • The budget does not include any new changes to the corporate or individual (personal) tax rates.
  • One measure would increase the basic personal amount to $11,720* (from $10,817), effective for the 2022 tax year.
  • The budget would also decrease certain property tax rates over a three-year period.
  • There are other tax-related proposals.

Read a March 2022 report [PDF 195 KB] prepared by the KPMG member firm in Canada

*$=Canadian dollar

 

 

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