New Brunswick budget hits higher-earners

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Those earning $150,000 or more in New Brunswick will find that they are in a new tax bracket following the province’s budget. Incomes between $150,000 and $250,000 will be taxed at 21 per cent and those on more than that will pay 25.75 per cent; both were previously taxed at 17.84 per cent. All households will find finances squeezed as Roger Melanson’s measures include fuel taxes up by 1.9 per cent on gasoline and 2.3 per cent on diesel from today (Wednesday). Other changes will affect graduates and public servants. The government has warned that these austerity measures are just the start and the next budget will include “more difficult decisions.”

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