Canada: Tax measures in New Brunswick’s 2016 budget

Canada: Tax measures in New Brunswick’s 2016 budget

New Brunswick’s 2016 budget, presented 2 February 2016, includes measures that would:

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  • Increase the province’s rate of harmonized sales tax (HST) to 15% (up from 13%)
  • Increase the corporate income tax rate to 14% (from 12%)
  • Reduce individual (personal) income taxes for individuals with taxable income over $150,000*

*$ = Canadian dollar

 

Read a February 2016 report [PDF 37 KB] prepared by the KPMG member firm in Canada: Highlights of the 2016 New Brunswick Budget

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