Finance

National think-tank recognizes province's tax plan (09/09/04)

NB 1277

Sept. 4, 2009

FREDERICTON (CNB) - The tax reforms brought forward in government's Plan for Lower Taxes in New Brunswick have been recognized by another national organization, Finance Minister Greg Byrne announced today.

The C.D. Howe Institute recently released its 2009 Federal-Provincial Tax Competitiveness Report, in which it described the approach taken on taxes by New Brunswick as "a bright route leading to a pot of gold in terms of economic growth and prosperity."

"This is the most recent in a long line of endorsements for New Brunswick's lower tax plan," said Byrne. "Our premier made it very clear that we are going to provide leadership on the economy, and that is what we are doing. The C. D. Howe Institute has said the same thing that others have said: our plans are going to make our province more competitive, which means that existing businesses will be able to grow and new businesses will start up, creating more jobs for New Brunswickers."

Among the highlights of the report:

New Brunswick's Plan for Lower Taxes will be fully implemented by 2012 when New Brunswick's tax burden will have been lowered by more than $380 million. For more information on the Plan for Lower Taxes, including a tool to calculate individual savings, vist www.gnb.ca/theplan.

09/09/04

MEDIA CONTACT: Jordan O'Brien, Communications New Brunswick, 506-457-4999.

09/09/04