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Canada | Nova Scotia issues 2025-2026 budget

|Tax Alerts, Provincial/State & Local ...|Canada
Canada

  • 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% …

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