New Brunswick shifts taxes off incomes onto carbon

New Brunswick has lowered the taxes on the working poor. It reduced the tax rate on the lowest tax bracket in favour of a carbon tax. Last week, New Brunswick announced that it would trim personal income taxes, returning some of its carbon revenue to taxpayers.

Maria Lily Shaw, an economist at the Montreal Economic Institute, said New Brunswick’s plan to cut taxes is “partially positive” but that it falls short of being revenue neutral. Still, Ms. Shaw said, the province is headed in the right direction, by reducing other taxes as carbon revenue increases.

Echoing Mr. Eisen, she said other provinces should follow New Brunswick’s lead. “Every other province should aim for a fiscally neutral carbon tax.”

https://www.theglobeandmail.com/business/article-how-new-brunswick-is-ch...