New Brunswick Finance Minister Cathy Rogers delivered the province’s 2018 budget on January 30, 2018.
The budget anticipates a deficit of $189 million for the 2018-2019 fiscal year, with anticipated deficits of $124 million for 2019-2020 and $79 million for 2020-2021, and a surplus of $69 million for 2021-2022. The budget does not include any new tax changes. Previously, New Brunswick enacted changes to reduce the Small Business Income Tax rate to 2.5% effective April 1, 2018.
Download this edition of the TaxNewsFlash to learn more.
© 2018 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.