Nova Scotia Finance Minister Randy Delorey delivered the province’s 2017 budget on April 27, 2017.
The budget anticipates a surplus of $25.9 million for the 2017-2018 fiscal year, $35.6 million for 2018-2019 and $46.6 million for 2019-2020. Although the budget does not make any changes to the personal or corporate tax rates, it confirms the previously announced increase of the small business income threshold to $500,000 (from $350,000). It also provides for increases to certain personal tax credits (among other changes).
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