Finance & Taxation | New Brunswick

Reduction in personal income taxes for lower income earners in New Brunswick

May 18, 2021

The New Brunswick government has announced that it will reduce personal income taxes for lower-income New Brunswickers as an offset to the revenue influx the province receives from the carbon tax.

This is in addition to the previously announced reduction in gasoline and diesel taxes along with other initiatives that are funded through carbon tax revenue. These tax breaks for lower income New Brunswickers should help encourage spending which could benefit retailers as the economy recovers.

See the full press release here.

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