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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