N.B. premier, Ottawa at odds over compensation for tax holiday

2 days ago  · Premier Susan Holt's government appears headed for a confrontation with Ottawa over $70 million in tax revenue the province will lose as a result of a federal sales-tax holiday …


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N.B. Premier, Ottawa At Odds Over Compensation For Tax Holiday

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2 days ago  · Premier Susan Holt's government appears headed for a confrontation with Ottawa over $70 million in tax revenue the province will lose as a result of a federal sales-tax holiday …

cbc.ca

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GST Holiday: Ottawa Ambiguous On Provinces' Compensation | CTV …

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Nov 26, 2024  · King said P.E.I. expected a revenue loss of $14-million from the tax cut, while New Brunswick Premier Susan Holt said it the provincial loss would total $62-million.

ctvnews.ca

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Federal Tax Holiday Will Cost N.B. $62 Million In Lost Revenue: Holt ...

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Nov 22, 2024  · Holt said on Friday that the unilateral move will cost New Brunswick coffers tens of millions, while calling on Ottawa to pay it. “We are crunching the numbers and we understand …

tj.news

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Premier Hopes Ottawa Will Compensate N.B. For Potential $62M Tax …

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Nov 22, 2024  · Premier hopes Ottawa will compensate N.B. for potential $62M tax loss. 16 days ago; News; Duration 0:55; New Brunswick could lose $62 million in tax revenue due to a two-month tax holiday on a ...

cbc.ca

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Premier Hopes Ottawa Will Compensate N.B. For Potential $62M Tax …

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Nov 22, 2024  · New Brunswick could lose $62 million in tax revenue due to a two-month tax holiday on a list of goods announced by the federal government. The premier hopes Ottawa …

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GST Break Would Cost Ottawa $2.7B If Provinces With HST Asked …

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6 days ago  · The PBO estimates the tax break will cost the federal government $1.5 billion, in line with the Liberals' own estimate of $1.6 billion. However, the budget watchdog notes that if …

bnnbloomberg.ca

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Feds Owe N.B. $70 Million, Unless Holt Lets Ottawa Off Hook: …

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Dec 5, 2024  · Newfoundland Premier Andrew Furey immediately agreed the same day as Trudeau’s announcement to forgo the provincial portion of the HST revenue in order to match …

tj.news

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GST Break Would Cost Ottawa $2.7B If Provinces With HST Asked …

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6 days ago  · OTTAWA — The federal government’s GST holiday would cost as much as $2.7 billion if provinces with a harmonized sales tax asked for compensation, the parliamentary …

citynews.ca

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Ontario Supports Ottawa's GST Holiday, Will Not Ask For Lost …

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Nov 27, 2024  · Ontario says Ottawa’s tax holiday will cost the province $1 billion, but it will support the GST break for consumers. ... The premiers of New Brunswick and Prince Edward …

bnnbloomberg.ca

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2 Premiers Asking Ottawa To Cover Provincial Cost Of Proposed Tax …

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Nov 23, 2024  · New Brunswick Premier Susan Holt said Friday that the tax break could cost the province $62 million. "They can't take $62 million out of the New Brunswick revenues without …

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GST Holiday Would Cost Ottawa $2.7-billion If Provinces With HST …

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6 days ago  · The federal government’s GST holiday would cost as much as $2.7 billion if provinces with a harmonized sales tax asked for compensation, the parliamentary budget …

theglobeandmail.com

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New Brunswick And Ottawa Clash Over $70 Million Tax Holiday ...

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2 days ago  · New Brunswick and Ottawa clash over $70 million tax holiday compensation cbc.ca — December 13, 2024, 11:00 PM UTC New Brunswick Premier Susan Holt's government is in …

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GST Break Would Cost Ottawa $2.7B If Provinces With HST Asked …

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6 days ago  · OTTAWA – The federal government’s GST holiday would cost as much as $2.7 billion if provinces with a harmonized sales tax asked for compensation, the parliamentary …

winnipegfreepress.com

FAQs about N.B. premier, Ottawa at odds over compensation for tax holiday Coupon?

Will New Brunswick lose $70 million from a sales-tax holiday?

(Shane Fowler/CBC) Premier Susan Holt's government appears headed for a confrontation with Ottawa over $70 million in tax revenue the province will lose as a result of a federal sales-tax holiday starting this weekend. Holt says New Brunswick has a right to the money under a federal-provincial agreement and will not waive that right. ...

Could a federal tax holiday cost New Brunswick revenue?

Premier Susan Holt has previously said that the federal tax holiday could cost the province lost revenue. (Stephen MacGillivray/The Canadian Press) The issue stems from the 1996 Comprehensive Integrated Tax Collection Agreement, known as a CITCA, between Ottawa and New Brunswick that created the blended, federal-provincial harmonized sales tax. ...

How much will Ottawa's tax holiday cost Ontario?

TORONTO — Ontario says Ottawa's tax holiday will cost the province $1 billion, but it will support the GST break for consumers. Last week, the federal Liberal government announced plans to pause the GST for two months on prepared food, toys, some types of alcohol and other holiday season staples. ...

Does Ottawa offer compensation to offset provincial revenue losses?

Ottawa has not offered compensation to offset provincial revenue losses for governments that choose to match the tax cut. The temporary tax cut is expected to cost the federal government about $1.6 billion. ...

How much will a tax break cost New Brunswick?

New Brunswick Premier Susan Holt said Friday that the tax break could cost the province $62 million. "They can't take $62 million out of the New Brunswick revenues without an engagement with us and an agreement with us," she told reporters. Prince Edward Island Premier Dennis King expressed similar concerns on Friday. ...

Is New Brunswick's tax holiday a'surprise'?

New Brunswick Premier Susan Holt told Information Morning Fredericton last week that the tax holiday was a “surprise” to her new Liberal government, given only a day’s notice before the announcement. ...

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