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April 8, 2022

Newfoundland and Labrador budget 2022-23 discussed

Newfoundland and Labrador Finance Minister Siobhan Coady tabled the province's fiscal 2022-23 budget on April 7. The budget contains several tax measures affecting individuals and corporations. The minister anticipates a deficit of $400 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