2023 New Brunswick Budget Highlights

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.