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Canadian tax alert: 2019-2020 Nunavut budget highlights

Published on: Feb 20, 2019

Minister of Finance George Hickes presented Nunavut’s 2019-2020 budget on February 20, 2019. Mr. Hickes stated that Nunavut’s overall economy is expected to grow annually by an average 4.6% for several years. He explained that the strong growth forecast results from three areas: more economic activity due to an increase in population; more public infrastructure investment, putting people to work; and investment in the resource sector, including mines that produce iron and gold. In particular, the mining sector is performing very strongly, and mining activity grew 20% last year. The same is expected for the upcoming year.

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