New Brunswick lowers small business income tax rate to three per cent
Posted Mar 27, 2017 09:17:52 AM.
Last Updated Mar 27, 2017 10:00:13 AM.
This article is more than 5 years old.
FREDERICTON – The New Brunswick government is cutting the small business income tax rate to three per cent as of April 1.
It is the third cut to the rate since January, 2015, when the rate was 4.5 per cent.
Premier Brian Gallant says small businesses are crucial to economic and job growth in the province.
He says by cutting taxes for small businesses, the government is helping them compete, invest and create jobs.
While three other provinces have a three per cent small business income tax rate, only Manitoba, Saskatchewan and British Columbia are lower.
