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N.B. government sacrifices little revenue with rental property tax cuts
Thorough property-by-assets figures display tax payments experiencing New Brunswick landlords this 12 months will mostly be heading up, not down, inspite of a sizeable tax charge reduction announced last 7 days by Finance Minister Ernie Steeves and additional tax cuts remaining implemented by municipal governments. Huge assessment raises on rental qualities are extra than offsetting tax reductions in several scenarios, confirming claims by landlords they will spend a lot more and undermining tips by the province that it is offering up substantial revenues by lowering tax costs on apartment properties. “You can find a misunderstanding proper now from the tagline that the federal government has put out there that landlords are…