The Department of Finance of Nova Scotia, Canada, announced that it lowered its harmonised sales tax (HST) rate, by 1%, to 14%.
The new HST rate will go into effect on 1 April 2025.
Nova Scotia’s HST combines the provincial value-added tax with the federal goods and services tax (GST), and it is applied to the same types of goods and services.
The federal portion is 5%; and on 1 April 2025, the provincial portion will decrease from 10% to 9%.
Besides Nova Scotia, Newfoundland and Labrador, New Brunswick, Prince Edward Island, and Ontario also have a harmonised sales tax.