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Jun 6, 2024 · A separate review for Labrador is expected in the coming weeks. The report was mandated by the provincial government in 2022 to review the suitability of the pricing mechanism for benchmark...
May 26, 2022 · The price of gasoline sits at around $2.22 per litre on the Avalon Peninsula but is as high as $2.47 per litre in parts of Labrador, while diesel ranges from $2.25 in Newfoundland to near $3...
Gasoline consumed in or by fishing, farming, logging, manufacturing and processing, transportation by boat, locomotives, generation of electricity and household fuels may be exempted from the tax. Persons exempted from the tax on gasoline may apply to the Department of Finance for a tax rebate.
Oct 19, 2022 · On the back of higher than expected revenue from oil — and taxes — Newfoundland and Labrador is projecting a 2022 budget surplus of nearly half a billion dollars. The provincial government's...
Besides prices in Nunavut that are set at the Territorial level, as of February 11 th, 2022, the three-month highest price has been recorded in Labrador City, Newfoundland and Labrador at 182.5 cents per litre and the lowest in Sarnia, Ontario at 117.7 cents per litre.
Newfoundland and Labrador's fiscal and economic update reveals how the province's finances have benefited from better-than-expected economic conditions and higher-than-planned oil prices, as a projected $351 million deficit for 2022-23 has transformed into a $479 million surplus.
As stated in Premier Hon. Andrew Furey’s letter of September 2, 2022 to Minister Guilbeault, Newfoundland and Labrador proposes to retain the existing carbon tax approach, including exemptions for home heating fuels, that came into effect in 2019 (Annex A) for other sectors of the economy. .
