The province is cutting the small-business income tax rate as of April 1st. It’ll go to 3% after the third cut in three years, after previous ones have taken it down from 4.5%. The Small Business Investor Tax Credit was also increased from 30% to 50% for investments made after April 1st 2015, and eligibility was expanded to include community economic development funds.
Category: Sussex
Talks on about possible second Pt. Lepreau nuclear reactor
NB Power’s CEO has been in meetings about a possible second nuclear reactor at Point Lepreau. Gaëtan Thomas told the Telegraph-Journal the premier is “favourable to the idea”, but there’s nothing in a business sense that would make the project happen at the moment. Options are being considered.