New Brunswick sets out income tax cut to offset provincial CO2 levy

Published 20:48 on May 11, 2021  /  Last updated at 23:18 on May 11, 2021  /  Americas, Canada, Carbon Taxes  /  No Comments

New Brunswick's Progressive Conservative government on Tuesday said it will reduce personal income taxes to blunt the impact of the Canadian province's abbreviated C$40/tonne carbon levy on fossil fuels, resurrecting an idea proposed by the federal Liberal Party over a decade ago and adopting a more progressive approach favoured by some economists.

New Brunswick’s Progressive Conservative government on Tuesday said it will reduce personal income taxes to blunt the impact of the Canadian province’s abbreviated C$40/tonne carbon levy on fossil fuels, resurrecting an idea proposed by the federal Liberal Party over a decade ago and adopting a more progressive approach favoured by some economists.

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