PCs Propose Tax Cut Using Carbon Tax Revenue : vimarsana.com

PCs Propose Tax Cut Using Carbon Tax Revenue


Saint John, NB, Canada / The Wave
May 12, 2021 | 5:22 AM
The Higgs government has proposed using a portion of its $163-million carbon tax revenue to lower income tax rates for those in the lowest tax bracket.
New Brunswick’s first tax bracket would see rates drop from 9.68 per cent to 9.4 under the province’s plan, and the low-income tax reduction threshold would rise from $17,630 to $17,840 in 2021.
In total, a combined $106 million would be returned to taxpayers, including $28 million earmarked for the more than 420,000 New Brunswickers in the first tax bracket.
The lion’s share of the carbon tax revenue is a $78-million portion which the government says would be diverted to taxpayers through last year’s reduction in gasoline and diesel taxes.

Related Keywords

Ernie Steeves , Climate Change Fund , First Nations , Progressive Conservative , Finance Minister Ernie Steeves , அர்நீ ஸ்டீவ்ஸ் , காலநிலை மாற்றம் நிதி , முதல் நாடுகள் , ப்ரோக்ரெஸிவ் பழமைவாத , நிதி அமைச்சர் அர்நீ ஸ்டீவ்ஸ் ,

© 2025 Vimarsana