Nova Scotia’s Finance Minister Karen Casey delivered the province’s 2019 budget on March 26, 2019.
The budget anticipates a surplus of $28.4 million for 2018-19 and forecasts surpluses of $33.6 million for 2019-20 and $51.9 million for 2020-21. While Nova Scotia's budget does not include any changes to the province's corporate or personal tax rates, it does introduce a Venture Capital Tax Credit. It also confirms that Nova Scotia will be phasing out its current Equity Tax Credit.
Download this edition of the TaxNewsFlash to learn more.