Nova Scotia’s Finance Minister Karen Casey delivered the province’s 2018 budget on March 20, 2018.
The budget anticipates a surplus of $21.3 million for 2017-18 and forecasts surpluses of $29.4 million for 2018-19, $39.1 million for 2019-20 and $60.9 million for 2020-21. Although the budget does not include any changes to the corporate or personal tax rates, it introduces a new Innovation Equity Tax Credit and eliminates the cap on the Medical Expenses Tax Credit.
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