
2023 New Brunswick Budget Highlights
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.
Related Content
-
PerformanceJune 27, 2025
Are you paying more than your fair share in property taxes?
How can you know if you’re paying more than your fair share of property taxes? A property tax assessment review can help ensure accuracy.
-
ConfidenceAugust 23, 2024
Case Study: Steps in estate planning
Retirees Phillip and Martha faced challenges in ensuring their estate wishes were honoured due to differing family opinions.
-
ConfidenceJune 06, 2025
Federal government tables legislative proposal to provide GST relief for first-time home buyers
Canadian first-time homebuyers could soon save up to $50,000 on the purchase of a newly built home. Read our overview to learn more.
Insights
-
Confidence
July 10, 2025
How oil and gas companies can strengthen their insurance strategies for wildfires and other natural disasters
Appropriate insurance coverage for oil and gas is more important than ever as wildfires and other natural disasters across the country become more frequent and intense.
-
Agility
July 09, 2025
The AI gap: Why desire and readiness remain far apart for local governments
Embracing AI capabilities through Microsoft Copilot offers local governments the ability to leverage existing tools and boost operational efficiency.
-
Agility
July 04, 2025
Modernizing the core How energy and utilities can move on from legacy finance and billing systems
Legacy platforms are expiring. Discover how energy and utilities organizations can choose the right finance, billing, and customer systems to reduce risk and unlock long-term value.