Canada: Reduced individual income tax rates (New Brunswick)
Accelerated plan to reduce certain property tax rates
New Brunswick announced that it is reducing its individual (personal) income tax rates for 2023 and beyond, as well as accelerating its plan to reduce certain property tax rates.
The province’s plan to decrease certain property tax rates over a three-year period was previously announced in New Brunswick’s 2022 budget. Read TaxNewsFlash
The bills that include these amendments were introduced on 1 November 2022 and are making their way through the provincial legislative process.
Read a November 2022 report [PDF 221 KB] prepared by the KPMG member firm in Canada
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