FREDERICTON (GNB) – The provincial government is reminding New Brunswickers about the low- and middle-income Harmonized Sales Tax (HST) credit and businesses about transitional rules relating to the increase in the HST.

To help low- and middle-income families with the rising cost of living, the provincial government has announced a new New Brunswick HST credit. About 275,000 New Brunswickers will be eligible.

“On average, thanks to the new credit, households in income ranges up to $40,000 will end up with more money in their pocket,” said Finance Minister Cathy Rogers. “Eligible individuals do not have to apply for the New Brunswick HST credit. They just have to file their annual income tax return.”

Effective July 1, the HST will increase from 13 per cent to 15 per cent.

The transitional rules for businesses for the HST rate increase are available online.