New Brunswick Finance Minister Cathy Rogers delivered the province’s 2017 budget on February 7, 2017.
The budget anticipates a deficit of $192 million for the 2017-2018 fiscal year, with anticipated deficits of $117 million for 2018-2019 and $24 million for 2019-2020. The budget reduces the Small Business Income Tax rate to 3% (from 3.5%), effective April 1, 2017.
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.