Manufcaturers Say New Tax Hurts N.B.’s Competitiveness
New Brunswick’s manufacturing sector is pushing back against new property tax changes that specifically target heacy industries.
New Brunswick’s manufacturing sector is pushing back against new property tax changes that specifically target heacy industries.
The provincial government released details Friday about a new property tax relief program that will roll out for the 2022 and 2023 taxation years for owners of large apartment buildings.
Earlier this week, the provincial government introduced two new property taxes targeting people who buy property in Nova Scotia but don’t intend to live in the province full-time
The high assessments have landlords worried about higher tax bills in 2022. The city has already chosen to increase the average tax bill by 4.6 per cent for residential and commercial.
The Houston government’s proposed out-of-province homeownership tax would triple property taxes for people who own a home in Nova Scotia but live somewhere else.
The Halifax business community was taken aback this week when HRM staff proposed a 5.9 percent hike on the average property tax bill for 2022. That means roughly $2,000 extra on the average commercial tax bill.
A flyer reportedly distributed by the New Brunswick Apartment Owners’ Association is being criticized for “pressuring tenants.”
Saint John’s property tax rate could drop to its lowest level in more than two decades next year.
HRM’s $1-billion budget includes a one percent increase to the average commercial tax bill, but the council wants more flexibility going forward in tax collection that makes it easier for businesses that need help.
The provincial government will give more financial support to the beleaguered hotel and accommodation industry.