New Brunswick flag with ocean in background

2023 New Brunswick Budget Highlights

2023 New Brunswick Budget Highlights

Synopsis
1 Minute Read

New Brunswick Minister of Finance Ernie Steeves tabled the province’s 2023 Budget on Tuesday, March 21, 2023.

New Brunswick Minister of Finance Ernie Steeves tabled the province’s 2023 Budget on Tuesday, March 21, 2023. This year’s budget, titled Growth and Opportunity, outlines investments in priority areas including health, education, and supporting vulnerable populations.

No new tax measures were announced. However, the government remains committed to delivering on previously announced tax measures, including:

  • Personal income tax reductions effective for the 2023 taxation year, as announced in November 2022.
  • Reductions to gasoline and motive fuel tax rates.
  • Adoption of the federal backstop for carbon taxation, replacing the previous provincial approach.
  • Acceleration of provincial property tax rate reductions previously introduced as part of Budget 2022-23.

More details and highlights of the 2023 New Brunswick Budget can be found here.

Insights

  • Performance

    May 23, 2024

    Preparing Taxes 101: Claiming GST / HST

    Is your business able to claim the input tax credit on GST/HST? Discover who can make a claim, how to meet the conditions, and what expenses are eligible.

  • Progress

    May 22, 2024

    Is your family prepared for the unexpected?

    Is your family prepared for the unexpected? Learn how building a serious illness plan can provide continuity for your business and your family.

  • Confidence

    May 21, 2024

    How construction companies can overcome the pain points of an ERP implementation

    Implementing an ERP system in the construction industry offers plenty of benefits — but it’s not without its challenges.