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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.

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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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