BILL 57
An Act to Repeal the Income Tax Act
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1(1) The Income Tax Act, chapter I-2 of the Revised Statutes, 1973, is repealed.
1(2) New Brunswick Regulation 93-100 under the Income Tax Act is repealed.
1(3) New Brunswick Regulation 93-197 under the Income Tax Act is repealed.
1(4) New Brunswick Regulation 97-138 under the Income Tax Act is repealed.
CONSEQUENTIAL AMENDMENTS
Regulation under the Companies Act
2 Subsection 3(4) of New Brunswick Regulation 84-203 under the Companies Act is amended by striking out “with the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952 or the Income Tax Act” and substituting “with the Income Tax Act (Canada) or the New Brunswick Income Tax Act”.
Regulation under the Credit Unions Act
3 Subsection 4(1) of New Brunswick Regulation 2001-53 under the Credit Unions Act is amended in the definition “income tax corporation” by striking out “under the Income Tax Act (Canada), the Income Tax Act or” and substituting “under the Income Tax Act (Canada) or”.
Regulation under the Family Income Security Act
4 Paragraph 8(2)(a.1) of New Brunswick Regulation 95-61 under the Family Income Security Act is repealed and the following is substituted:
(a.1) the child tax benefit and working income supplement under the New Brunswick Income Tax Act;
New Brunswick Income Tax Act
5 Section 126 of the New Brunswick Income Tax Act, chapter N-6.001 of the Acts of New Brunswick, 2000, is repealed.
Political Process Financing Act
6 Subparagraph 14(c)(i) of the Political Processing Financing Act, chapter P-9.3 of the Acts of New Brunswick, 1978, is amended by striking out “the Income Tax Act” and substituting “the New Brunswick Income Tax Act”.
Public Service Superannuation Act
7 Section 4.1 of the Public Service Superannuation Act, chapter P-26 of the Revised Statutes, 1973, is amended by striking out “the Income Tax Act” and substituting “the Income Tax Act (Canada)”.