June 1, 2021
Newfoundland and Labrador budget 2021-22 discussed
Newfoundland and Labrador Finance Minister Siobhan Coady tabled the province's fiscal 2021-22 budget on May 31. The budget contains several tax measures affecting individuals and no changes affecting corporations. The minister anticipates a deficit of $826 million for 2021-22 and projects deficits for each of the next four years.
A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.
Full text of Tax Alert