Thursday, April 08, 2010
New Brunswick rejects Harmonized Sales Tax increase
New Brunswick Liberal government, Convervative opposition rule out increasing Harmonized Sales Tax rate
The Canadian Press is reporting today that both the Liberal government and Conservative opposition say they will not increase that province's HST a day after the Nova Scotia NDP government hiked its HST from 13% to 15%.
New Brunswick’s finance minister Greg Byrne: "The government of Nova Scotia has made a decision on how they will deal with their fiscal situation and best stimulate their economy. New Brunswick has adopted a different approach,"
"As a matter of fact, we are doing all we can to make New Brunswick the most competitive tax jurisdiction that we can," he said. "We believe that is the way to stimulate investment and to grow the economy."
NB Conservative Leader David Alward also says if elected his party will not raise the tax.
"The last thing that I think needs to take place is that we raise taxes," he said. "Keeping taxes lower for New Brunswickers and for businesses creates opportunity and creates prosperity."
NDP leader Roger Duguay has not yet commented on the HST issue.