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Highlights of the 2021 Nova Scotia budget

Highlights of the 2021 Nova Scotia budget

Nova Scotia’s Finance Minister Labi Kousoulis delivered the province’s 2021 budget on March 25, 2021.

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The budget anticipates a deficit of $705.5 million for 2020-21 and projects a $584.9 million deficit for 2021-22 and a $217.5 million deficit for 2022-23. Although the budget does not include any new changes to the corporate or personal tax rates, it extends the Equity Tax Credit until February 28, 2032, and confirms previously announced property tax relief.

Download this edition of the TaxNewsFlash to learn more.

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