It’s no secret that New Brunswick’s labour force is shrinking. Baby boomers are retiring and younger workers are moving to other provinces, leaving many companies in the province scrambling to find enough qualified employees.
Taxation in New Brunswick—and whether or not heavy industry is paying their fair share—continues to spark much debate across the province. Motion 31 (an offshoot of Bill 9, which was withdrawn earlier this year) is the latest issue involving the taxation of machinery and equipment in the province.
Manufacturing in New Brunswick continues to contribute to employment across our province, driving economic growth in the region. The industry has been resistant throughout the years, compared to other jurisdictions that have suffered a decline, and many manufacturers in N.B. have been in business for decades, including many New Brunswick Business Council (NBBC) members.
But how would you feel if the cost of a service you were obliged to pay nearly tripled within three years? How would you react if the cost of your car insurance tripled over three years? What hard choices would you have to make if the cost of electricity tripled?