![New Brunswick flag with ocean in background](/-/media/images/mnp/service/tax-services/insights/f23/new-brunswick-2023-budget-update-header-image.png?h=650&w=1600&hash=B5C575A7FECE3FEFD966F492DE26A68A)
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
-
Confidence
What you need to know about the CRA’s self-assessment tax audit process
How do you prepare when the CRA requests an audit of specific expenses or deductions you’ve made?
-
ConfidenceJune 07, 2024
WEBINAR: The 2024 Federal Budget and its Impact on Canadian Dentists
The 2024 federal budget changes will impact Canadian dentists and their practices, investments, and taxes.
-
PerformanceNovember 21, 2019
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.
Insights
-
Confidence
July 02, 2024
Five things you need to know as a newly self-employed professional
As you transition to a self-employed professional, it’s critical to understand how to manage your money to achieve long-term financial well-being.
-
Agility
June 27, 2024
What are the fundamentals of a strong cybersecurity incident response plan?
The four fundamentals of a strong cybersecurity incident response plan can help minimize harm.
-
Progress
June 25, 2024
The power of trust: Why trusting your employees matters
By trusting employees from the start, you can create a positive work environment that boosts confidence, motivation, and commitment.