Letters to Provinces and Territories: New-Brunswick 2024

The Honourable René Legacy, M.L.A.
Deputy Premier and Minister of Finance and Treasury Board
Government of New Brunswick
Chancery Place
675 King Street, 5^th Floor
P. O. Box 6000
Fredericton, New Brunswick E3B 5H1

Dear Deputy Premier,

I am pleased to provide you with New Brunswick’s transfer payment amounts for 2025-26 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.

Total major transfers to New Brunswick for 2025-26 will round to $4.6 billion, an increase of $286 million from 2024-25.

The first estimates of your province’s Canada Health Transfer and Canada Social Transfer payments for 2025-26 are $1.1 billion and $359 million respectively. In accordance with the legislated formula under the Act and its regulations, your province qualifies for an Equalization payment of $3.1 billion for 2025-26.

Under the Working Together to Improve Health Care for Canadians Plan, the federal government guaranteed five per cent growth to the CHT from 2023-24 to 2027-28 to be paid through top ups as required. This year, the top up is worth a total of $713 million.

To access their share of the funding, provinces and territories were asked to take steps to improve the collection and management of health data. I am pleased that the Minister of Health has confirmed that all jurisdictions have met this condition. New Brunswick’s share of the 2025-26 CHT top-up is $15 million.

Enclosed for your information is a table presenting the 2025-26 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.

Yours sincerely,

The Honourable Dominic LeBlanc, P.C. K.C., M.P.
Minister of Finance and Intergovernmental Affairs