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Winnipeg Free Press By: The Canadian Press Save to Read Later
FREDERICTON - New Brunswick s finance minister is returning $28 million to New Brunswickers through a personal income tax cut.
New Brunswick Finance Minister Ernie Steeves speaks at a news conference in the Legislature in Fredericton, N.B., on Tuesday, March 16, 2021. THE CANADIAN PRESS/Stephen MacGillivray
FREDERICTON - New Brunswick s finance minister is returning $28 million to New Brunswickers through a personal income tax cut.
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Ernie Steeves says the benefit is part of the government s commitment to recycle $163 million in revenue generated from the carbon tax.
Steeves says the change would reduce the income tax rate on the first tax bracket from 9.68 per cent to 9.4 per cent for the 2021 taxation year, benefiting more than 420,000 taxpayers.