N.B., feds strike deal on sales tax compensation | CBC News

0
4 weeks ago
nb.,-feds-strike-deal-on-sales-tax-compensation-|-cbc-newsN.B., feds strike deal on sales tax compensation | CBC News

New Brunswick·New

The Holt government has reached a deal with Ottawa on compensation for tens of millions of dollars in lost sales tax revenue from the Christmas season in 2024.

Federal government will contribute $60 million to digital health records to make up for HST holiday

Jacques Poitras · CBC News

· Posted: Mar 23, 2026 5:00 AM EDT | Last Updated: 27 minutes ago

Text to Speech Icon

Listen to this article

Estimated 2 minutes

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.

A smiling man in a blue suit stands in a CBC newsroom. Federal cabinet minister Dominic LeBlanc has agreed to a deal with the New Brunswick government over lost tax revenue from the Trudeau era. (CBC)

The Holt government has reached a deal with Ottawa on compensation for tens of millions of dollars in lost sales tax revenue from the Christmas season in 2024.

The Trudeau government’s HST holiday meant it wasn’t collecting the provincial portion of the tax on behalf of five provinces that are part of the tax model, including New Brunswick.

In December 2024, Premier Susan Holt pegged the loss at $70 million and said her “bottom line” was that New Brunswickers had to “remain whole.”

But federal cabinet minister Dominic LeBlanc said the same day that there would be “no direct compensation” and that Ottawa was looking to come to “an understanding” on the issue.

 » Read More


This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/new-brunswick/new-brunswick-ottawa-tax-deal-9.7136607?cmp=rss