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Information is accurate as at 3:00 p.m. EDT. Information may be affected by subsequent announcements.
Links to government announcements follow at the end of the update.
Nova Scotia - 2022-23 budget released: The Nova Scotia government released its budget for 2022‑23, projecting a deficit of $506.2 million. The budget does not change personal or corporate income tax rates, but does introduce, starting the 2022 taxation year: (i) a $500 refundable Children’s Sports and Arts Tax Credit; (ii) fertility and surrogacy rebates of up to $8,000 per year for each rebate; and (iii) the More Opportunities for Skilled Trades tax refund, which will provide a refund of provincial personal income tax on the first $50,000 of earned income for individuals under the age of 30 who are employed in selected skilled trades and occupations. In addition, the budget proposes to implement: (i) a non-resident deed transfer tax, effective April 1, 2022; and (ii) a non-resident property tax, effective for the 2022‑23 fiscal year. For more information, see our upcoming Tax Insights “2022 Nova Scotia budget: Tax highlights” at www.pwc.com/ca/taxinsights.