Article Posted date 22 March 2022
New Brunswick’s Finance Minister Ernie Steeves delivered the province’s 2022 budget on March 22, 2022. The budget anticipates a surplus of $487.8 million for 2021-22 and projects surpluses of $35.2 million for 2022-23 and $21 million for 2023-24. Although the budget does not include any new changes to the corporate or personal tax rates, it increases New Brunswick’s basic personal amount to $11,720 (from $10,817) and decreases certain property tax rates over a three-year period.
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