2019 New Brunswick Budget
The 2019-2020 New Brunswick Budget was presented on March 19, 2019 by New Brunswick Finance Minister Ernie Steeves. The budget projects a surplus of $23 million for 2019-2020. Only two tax changes were announced. First, the tuition tax credit, which was repealed in 2017, will be reinstated for 2020 and later years. Second, the province announced that it will not parallel its small business deduction rules with the recent federal change that reduced the small business limit based on a corporation’s passive income.