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Canada | New Brunswick budget 2025-26

20 March 2025

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Tax Alerts, Provincial/State & Local...

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Canada

The New Brunswick Minister of Finance and Treasury Board René Legacy has presented the fiscal 2025-26 budget, which includes no new taxes or income tax increases.Key tax measures include a previously announced rebate on the provincial portion of the Harmonized Sales Tax for eligible purpose-built rental housing construction from 15 November 2024 to 31 December 2027, that is substantially completed by 31 December 2029. On 18 March 2025, New Brunswick Minister of Finance and Treasury Board René Legacy tabled the province's fiscal 2025-26 budget. The budget contains no new taxes and no income tax increases.The minister anticipates a deficit of CA$549m...