ACFA Borrowing By-Law - Tax Rate Local Improvement (Sample)

This will make New Brunswick’s rate the lowest in the country. (At 3%, New Brunswick was tied with Alberta for the lowest rate.) Also, on July 1, 2004, the net income limit for eligibility for the small business rate will increase from $400,000 to $425,000. These tax measures will cost the provincial coffers $2 million in 2004-05. ................
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