New Brunswick’s Business Barometer index unfortunately lost ground in November, settling in at 55.9 which is now fully 10 points below the national average.
Moncton, October 23, 2013
New Brunswick’s tax system ranked third in the country when it comes to small business-friendly tax systems, according to an updated report by the Canadian Federation of Independent Business (CFIB) but the report also shows significant areas for improvement.
One of the most pressing issues on the minds of New Brunswick small business owners today is a proposed mandatory universal drug plan. You would be hard pressed to find a business owner that doesn't want to offer a health plan to their employees; however, those employers who do not currently offer such a plan are the ones who can least afford it.
The New Brunswick government’s latest budget has raised personal income taxes significantly (effective July 1st
), and yet the government still can’t plan to balance its budget by 2015. We had been calling for government to cut spending, which has increased dramatically over the past decade in spite of strong revenue growth.