Canada: Tax measures in 2021 budget (Nova Scotia)

Canada: Tax measures in 2021 budget (Nova Scotia)

The 2021 Nova Scotia budget, delivered 25 March 2021, does not propose changes to the province’s corporate or individual (personal) tax rates.

1000

Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal