New Brunswick declared that the State will reduce its small-business income tax rate from 4.5% to 4% and will start from 1 January 2015. Any business whose taxable income is less than CAD500, 000 per year would apply this rate. Government has a plan to decrease this tax rate to 2.5% by the year 2018.
Related Posts
Canada: PBO projects CAD 4.5 billion revenue from proposed high-income tax brackets
September 30, 2026
Canada’s Parliamentary Budget Office (PBO) released its fiscal analysis of Motion M-24 on 24 September 2026,
Read More
US: Trump Administration shows no urgency on Canada trade deal as tariffs escalate
September 29, 2026
The Trump administration remains comfortable maintaining its trade standoff with Canada despite mounting economic
Read More
Canada extends federal fuel tax relief through March 2027
September 24, 2026
Canada’s Department of Finance has introduced Bill C-38, the Canadian Fuel Affordability Act, on 22 September 2026,
Read More
Canada: Supreme Court rejects Husky Energy bid to challenge dividend tax ruling
September 17, 2026
The Supreme Court of Canada has dismissed Husky Energy Inc.'s application for leave to appeal on 3 September 2026. The
Read More
Canada expands tax breaks with permanent Productivity Mega Deduction to attract global investment
September 16, 2026
Canada’s Prime Minister Mark Carney announced a new tax measure on 15 August 2026 aimed at strengthening Canada's
Read More
Canada introduces priority tax rulings for investments of CAD 1 billion or more
September 15, 2026
Canada’s Finance Minister François-Philippe Champagne announced on 14 September 2026 that the Canada Revenue Agency
Read More