28 March 2018

Newfoundland and Labrador budget 2018-19 discussed

Newfoundland and Labrador Finance Minister Tom Osborne tabled the province's fiscal 2018-19 budget on March 27. The budget contains several tax measures affecting individuals and corporations. The minister anticipates a deficit of $683 million for 2018-19, up from the $644 million forecasted in Budget 2017. The minister projects deficits for each of the next three years, returning to surplus in 2022-23.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0682