New Brunswick parties promise to lower small business tax rate
2.5% corporate tax rate would be the lowest for small businesses east of Manitoba.
FREDERICTON — New Brunswick’s Liberals are promising to make the corporate income tax rate for small businesses the lowest east of Manitoba in an effort to encourage investment.
Party leader Brian Gallant says he would reduce the tax rate to 2.5% so that small business owners would have more money to invest in their operations and hire people.
Gallant says he would also make sure that businesses with fewer than 50 employees would not be required to pay for drug coverage under the province’s drug plan.
The Progressive Conservatives also focused on small business in their campaign today for the Sept. 22 election.
Premier David Alward is promising legislation to protect subcontrators on government projects who wait too long to be paid, which he says would ensure they get timely payment for their work.
NDP Leader Dominic Cardy says he would eliminate the influence that cabinet ministers have in deciding which roads to pave.
Cardy says that would help attract new business because it would best address what infrastructure needs repair.
© 2014 The Canadian Press