The division provides a blend of corporate services primarily to the Department of Finance, the Office of the Premier, the Executive Council Office, the Department of Intergovernmental and International Relations, the Office of the Comptroller and General Government.

This includes financial services, information and technology services, human resource services, and policy and planning.

Policy and Planning Services

Co-ordinate departmental initiatives. Provide leadership and expertise in the development of major legislation and policy initiatives as a support service to the operational divisions of the Department of Finance. Provide advice and assistance to senior management.

Financial Services

Provide the Department of Finance and other central agencies with internal budget development, financial planning and monitoring, accounting and related financial services and various administrative functions.

Human Resources Services

Provide advice and support to the Department of Finance and associated agencies. Key results areas are staffing; classification; labour/management issues; performance management; second-language training; training and development; payroll; benefits; Equal Employment Opportunity Program; Employee and Family Assistance Program; official languages.

Information Management and Technology

Promote the effective use of information and technology through advice and technical support to the Department of Finance and other central agencies. Activities are focused on operations and technical support, business applications development and support, and information management.

Revenue and Taxation Division

The Revenue and Taxation Division provides policy advice, information and recommendations with respect to the analysis, design and implementation of the Province's tax policies and provides fair, effective and efficient administration of tax and regulatory programs.

The division consists of the Tax Policy Branch, the Office of the Tax Commissioner, the Program Delivery Branch, the Financial Analysis Unit and the PATS Renewal Initiative.

Tax Policy Branch

Mandate: Develops and provides policy advice and recommendations on matters relating to taxation. Analyzes, designs options, provides information, advice and recommendations and implements legislative measures in support of the government's taxation priorities. Policy work includes all areas of taxation: income tax (corporate and personal), consumption taxes (HST, gasoline and motive fuel, tobacco tax), property tax, etc.

Program Delivery Branch

Mandate: Responsible for the effective delivery of assigned revenue and taxation programs associated with real property and consumption taxes. The key responsibility areas include:,registration and licensing of businesses, billing and collection of real property taxes, processing of tax returns and refund claims, accounting functions related to revenues, development and implementation of legislative amendments and provision of critical program support and expert advice relative to the administration of tax programs.

Program Advisory Services Functions include: development of tax guides, bulletins and taxation information for the public; education of vendors and consumers to improve voluntary compliance with tax laws; administration and monitoring of constitutional exemptions for First Nations as well as revenue sharing agreements; conducts research and analysis to assist policy development and enhance program delivery. The Program Advisory Services Unit also provides support to the provincial tax commissioner's office in the review of tax objections and co-ordination of tax appeals to the Minister of Finance.

Account Management consists of the Tax Accounting and Refunds Unit, the Client Services Unit and the Accounts Receivable Unit. Functions include: issuing annual property assessment and tax notices and supplementary notices; processing property tax and consumption tax payments, reports and refunds; carrying out all associated accounting functions; monitoring and collecting outstanding receivables for property tax and consumption taxes; carrying out enforced collection procedures; processing Provincial Vehicle Tax (PVT) payments; processing applications for the Low-income Seniors’ Benefit and the NB Tuition Rebate; administration of the legislated tax-sale process; administration of a licensing and registration program in accordance with assigned statutes; provision of general telephone reception services for the division; and responding to public inquiries on taxation issues, tax benefit and rebate programs and regulatory matters.

Office of the Tax Commissioner

Mandate: Oversees the administration and ensures legislative compliance of assigned revenue and taxation programs associated with real property and consumption taxes. This Branch is also responsible for Audit and Investigation Services, the consolidation and re-write of consumption tax legislation and relations with the Canada Revenue Agency (CRA).

Audit and Investigation Services Functions include: delivery of a comprehensive tax auditing program with a focus on gasoline and motive fuel tax and tobacco tax; conducting inspections and investigations to ensure compliance with tax laws and regulatory requirements, taking enforcement and corrective action, as required; conducting fuel tax audits on New Brunswick-based international carriers under the International Fuel Tax Agreement and for registration fees on behalf of the Department of Public Safety; auditing charitable gaming licence holders; auditing retailers located on First Nations reserves with respect to First Nations revenue sharing agreements; conducting audits under metallic minerals tax legislation and providing audit services to the Department of Natural Resources covering royalties derived from mining, quarriable substances and petroleum; monitoring corporate income tax allocations and follow up with the CRA and conducting audits pursuant to the Small Business Investor Tax Credit program.

CRA Relations is the operational liaison between the division and the Canada Revenue Agency in relation to the administration of various tax collection agreements. Within this role emphasis is placed on assuring NB participation in federal-provincial strategies to deal with the underground economy and provincial participation in the federal set-off program to recover amounts due to the Province.

Legislative Rewrite project was launched to replace a number of consumption tax statutes administered by the Department of Finance with one consolidated statute. The objective is to obtain a more modern and efficient act with common provisions for definitions, liability, objections and appeals, recovery of tax, application of penalty and interest, audit, inspection, and confidentiality.

Financial Analysis Unit

This unit is responsible for revenue monitoring and forecasting; monitoring of the division’s expenditure budget and provision of records management services for the division.

PATS Renewal Initiative

This initiative was launched to evaluate options and implement a solution for the replacement of the financial portion of the Property Assessment and Taxation System (PATS). The PATS was implemented in 1983 and is currently co-owned with Service New Brunswick (SNB). Both SNB and Finance have identified a need to replace its portion of the PATS in order to meet changing environments. This initiative will require a strong project team and structure as well as clear management processes for decision-making, resource allocation, change control, quality assurance, risk management and issue resolution.

The Treasury Division is responsible for financing the Province's cash requirements, cash management, administration of outstanding debt, investment management and administration of pension, sinking and special purpose trust funds, financial policy analysis and advice and Crown corporation and municipal financing.

Capital Markets Branch

Mandate: Responsible for long-term financing for the Province and its agencies, management of the Province’s and New Brunswick Municipal Finance Corporation’s financial liabilities and management of long-term investments. The branch works closely with the Province’s banking syndicate and other financial institutions to market New Brunswick debt to investors. The branch is also responsible for pension plan liability analysis, development and monitoring of investment policies and preparation of trust fund financial statements. The branch provides financing advice to other departments and agencies related to leases, project financing, currency and interest rate management and financial risk mitigation.

Banking and Cash Management Branch

Mandate: Responsible for cash management, including short-term financing and investing for the Province’s consolidated fund, its agencies and trust funds. The branch is responsible for all banking arrangements, documentation of transactions and receives and deposits all Provincial revenues to ensure timely receipt and payment of monies to minimize financing charges and meet financial obligations.

The branch is currently the Province’s interface with credit rating agencies and provides investor relations services to the financial community in Canada and abroad. The branch manages the New Brunswick Electric Finance Corporation and New Brunswick Municipal Finance Corporation.

The risk management function is currently part of the branch and includes establishing appropriate policies and procedures and ensuring compliance. The branch develops and maintains the division’s strategic, operational and emergency plans.