Article Posted date29 February 2024
The budget anticipates a surplus of $40.3 million for 2023-24 and projects deficits of $467.4 million for 2024-25 and $608.7 million for 2025-26. Although the budget does not include any new changes to the corporate or personal tax rates, it introduces indexing to the provincial personal income tax system for the 2025 and subsequent taxation years.
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