Canada: Nova Scotia 2016 budget bill receives first reading

Canada: Nova Scotia 2016 budget bill

Bill 174—that includes measures announced in Nova Scotia's 2016 budget—received first reading on 3 May 2016 (Nova Scotia has a majority government). The bill also includes legislation related to:

Related content

  • A food donation tax credit for individuals and corporations that conduct a farming business
  • Increases to tobacco tax rates
  • Rules to parallel recent federal changes to the taxation of trusts and estates 

 

Read a May 2016 report [PDF 47 KB] prepared by the KPMG member firm in Canada: Nova Scotia 2016 Budget Bill Receives First Reading 

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.