2019 New Brunswick provincial budget commentary
Finance Minister Ernie Steeves tabled the 2019 New Brunswick provincial budget on March 19, 2019. The budget projects a surplus of $23 million for the 2019-2020 fiscal year. The budget also projects surpluses of $33 million for 2020-2021, $63 million for 2021-2022 and $71 million for 2022-2023.
The forecast for the 2018-2019 fiscal year now stands at a surplus of $4.5 million, compared to an earlier budget projection by the previous government of a $188.7 million deficit.
On the income tax side, there were no increases or decreases to personal or corporate income tax rates for 2019.
Please note that these changes are still proposals until passed into law by the provincial government. Let our experienced advisors assist you with understanding these potential changes and the impact they may have on you and your family’s financial strategy. To access the complete summary, please speak to your Assante advisor today.