Canada: New Brunswick budget bill receives Royal Assent | KPMG | GLOBAL

Canada: New Brunswick budget bill receives Royal Assent, tax rates

Canada: New Brunswick budget bill receives Royal Assent

New Brunswick Bill 18 implements some of the measures that were announced in New Brunswick's 2016 budget—including increases to the corporate tax rate to 14% and to the financial corporation capital tax rate to 5% as imposed on banks. The rate increases are effective 1 April 2016.


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Bill 18 received Royal Assent on 28 June 2016. 


Read a July 2016 report prepared by the KPMG member firm in Canada: New Brunswick Budget Bill #1 Receives Royal Assent

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