The 2016-17 provincial budget of New Brunswick which was presented on 2nd February 2016.  It includes measures as follows:

  • The province’s rate of harmonized sales tax (HST) has increased from 13% to 15%;
  • Increase the corporate income tax rate from 12% to 14%; and
  • Personal income tax has reduced for individual with taxable income more than CAD150, 000.