Highlights of the 2022 Newfoundland and Labrador budget Highlights of the 2022 Newfoundland and Labrador budget Highlights of the 2022 Newfoundland and Labrador budget

Newfoundland and Labrador's Finance Minister Siobhan Coady delivered the province's 2022 budget on April 7, 2022. The budget anticipates a deficit of $400 million for 2021-22 and projects a deficit of $351 million for 2022-23 and $309 million for 2023-24. Although the budget does not announce any changes to the corporate or personal tax rates, it eliminates Retail Sales Tax on home insurance for one year, and introduces a new Green Technology Tax Credit and Manufacturing and Processing Investment Tax Credit, among other changes.

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