Letters to Provinces and Territories: New Brunswick 2019

The Honourable Ernie Steeves, M.L.A.
Minister of Finance
Government of New Brunswick
Chancery Place
675 King Street
Floor: 5
P.O. Box 6000
Fredericton, NB   E3B 5H1

Dear Colleague:

I am pleased to provide you with New Brunswick's transfer payment amounts for 2020-21 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.

Total major transfers to New Brunswick for 2020-21 will round to $3,379 million, an increase of $219 million from 2019-20. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2020-21 are $860.2 million and $308.6 million respectively. In accordance with the legislated formula under the Act and its regulations, your province's Equalization payment for 2020-21 will be $2,210.3 million.

Enclosed for your information is a table presenting the 2020-21 major transfer amounts for each province and territory.  The table will be provided to your officials and posted on the Department of Finance's website in the context of the December 2019 Finance Ministers' Meeting.

I look forward to working collaboratively with you to advance our shared priorities that matter to Canadians.

Yours sincerely,

The Honourable Bill Morneau, P.C., M.P.