The Atlantic Chamber of Commerce is looking for a few very specific things in the provincial budget being tabled today.
Vice President of Policy Glenn Davis says the government must act to reduce taxes and costs imposed on business.
“New Brunswick specifically has some of the highest corporate tax rates, that’s the tax rate applied to profits above $500,000,” says Davis. “They’re severely limited in their ability to grow their businesses and contribute to the economy.”
Davis says reducing those tax rates would free up more money for investment in the economy.
“Decisions on investment and growth obviously depend on opportunities, and I think that’s where governments have a role, not in creating jobs, but assisting businesses in accessing new trade opportunities,” says Davis.
He says one of those new trade opportunities is the recently signed European Trade Agreement.
The 2017-2018 New Brunswick Budget is being released today, after being delayed by a week due to the ice storm that hammered large swathes of the province.
