April 19, 2016, No. 2016-23. Nova Scotia Finance Minister Randy Delorey delivered the province’s 2016 budget on April 19, 2016. The budget anticipates a surplus of $17.1 million for the 2016-2017 fiscal year, with anticipated surpluses of $20.8 million for 2017-2018 and $79 million for 2018-2019. Although the budget does not make any changes to the personal or corporate tax rates, it increases tax on tobacco products, parallels recent federal changes to the taxation of trusts and estates, and announces a new Food Bank Tax Credit for farmers, among other measures.
Highlights of tax measures announced in the budget are summarized below.
The budget does not make any changes to the province’s personal tax rates.
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