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Province to cut income tax rate to offset impact of carbon tax


Province to cut income tax rate to offset impact of carbon tax
The Progressive Conservative government is cutting income taxes to offset the impact of carbon taxes on the majority of New Brunswickers.
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Cut accounts for $28 million of $163 million in carbon tax revenue province will collect this year
Posted: May 11, 2021 3:37 PM AT | Last Updated: May 11
New Brunswick Finance Minister Ernie Steeves announced plans to lower the income tax rate applied to the first $43,835 of income earned by workers in the province.(Mike Heenan/CBC News file photo) ....

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Higgs government pulls out of gas-tax sharing with First Nations


Posted: Apr 13, 2021 11:43 AM AT | Last Updated: April 13
Premier Blaine Higgs has called on First Nations chiefs to negotiate a modern and sustainable economic partnership. (Submitted by the Government of New Brunswick)
The New Brunswick government is pulling out of tax-sharing agreements with 13 Mi kmaq and Wolastoqey First Nations, invoking its right to terminate some of the deals as early as this July.
Those agreements, which date back to 1994 and were last renewed in 2017, have fuelled economic growth in some Indigenous communities, particularly those that have built large gas retailers on reserve land.
The deals allow the First Nations to keep 95 per cent of on-reserve gas tax revenue up to $8 million and 70 per cent of amounts beyond that. ....

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Higher Fuel Prices Coming April 1

Higher Fuel Prices Coming April 1
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