The 2021 Nova Scotia budget, delivered 25 March 2021, does not propose changes to the province’s corporate or individual (personal) tax rates.
The budget would extend the equity tax credit for investments in Community Economic Development Investments until 28 February 2032. This tax credit provides a 35% tax credit for individuals who invest up to $50,000* in a tax year and hold their shares for a five-year period. This credit was previously scheduled to expire 28 February 2022.
The budget also includes property tax relief measures for tourism accommodations and for small business taxpayers.
Read a March 2021 report [PDF 187 KB] prepared by the KPMG member firm in Canada
*$ = Canadian dollar
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