Nova Scotia's fiscal 2025-26 budget, tabled on 18 February 2025, includes several tax measures and projects a deficit of CA$697.5m.
Effective 1 April 2025, the small-business tax rate is reduced from 2.5% to 1.5% and the small-business limit is increased from CA$500,000 to CA$700,000.
As previously announced, the province will reduce the provincial portion of the harmonized sales tax (HST) from 10% to 9%, resulting in a new combined HST rate of 14%, effective 1 April 2025.
On 18 February 2025…
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