Canada: New Brunswick small business tax rate reduced | KPMG | GLOBAL

Canada: New Brunswick small business tax rate reduced in 2018

Canada: New Brunswick small business tax rate reduced

A bill in New Brunswick (Bill 23)—that would decrease the province’s small business income tax rate to 2.5% (from 3%)—received first reading on 14 November 2017. The new income tax rate would be effective 1 April 2018.

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There are also measures that would consequentially increase the dividend tax on non-eligible dividends.

 

Read a November 2017 report prepared by the KPMG member firm in Canada

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