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March 3, 2023

Nunavut's budget 2023-24 discussed

On February 23, Nunavut Finance Minister Lorne Kusugak tabled the territory’s fiscal 2023–24 budget. The budget contains no new taxes and no income tax increases. The minister anticipates an operating surplus of $67.6 million for 2022–23 and projects an operating deficit of $8.2 million for 2023–24.

A Tax Alert prepared by EY Canada, and attached below, provides additional details.


Full text of Tax Alert