Effective January 1, 1996 New Brunswick became a member of the International Fuel Tax Agreement (IFTA). IFTA is an agreement among all Canadian Provinces and most American states that facilitates the process whereby interjurisdictional motor carriers are able to report and pay all motor carrier fuel taxes to a single base jurisdiction.
On April 1, 2020 New Brunswick implemented a provincial tax on carbon emitting products. The carbon tax is imposed under the Gasoline and Motive Fuel Tax Act and is applied to gasoline, motive fuel and carbon emitting products. As a result, effective April 1, 2020 in New Brunswick the carbon tax will be included in the effective IFTA tax rate. Other than the adjusted rate, the current return and reporting requirements remain the same for New Brunswick IFTA carriers and their IFTA quarterly returns can be completed as per normal procedures.
