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New Brunswick Budget Tax Changes Substantively Enacted 

Canadian Tax Adviser


April 22, 2014


Bill 69, which enacts tax changes announced in New Brunswick's 2014 budget, received first reading on April 15, 2014. It is now considered substantively enacted for purposes of IFRS and ASPE as of that date (as New Brunswick has a majority government).

The only tax change in New Brunswick's budget was to enhance the Small Business Investor Tax Credit to allow corporations and trusts to be eligible for a 15% non-refundable corporate income tax credit on eligible investments up to $500,000.


For more information, contact your KPMG adviser.



Information is current to April 22, 2014. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500


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