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June 2, 2022

Nunavut budget 2022-23 discussed

Nunavut Finance Minister Lorne Kusugak tabled the territory's fiscal 2022-23 budget on May 26. The budget contains no new taxes and no tax increases. The minister anticipates an operating deficit of $31.0 million for 2021-22 and projects an operating surplus of $40.3 million for 2022-23.

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


Full text of Tax Alert