Nova Scotia’s Finance Minister has delivered the 2014-15 budget which does not include any changes to the tax rates. The budget is maintaining the harmonized sales tax (HST) rate at 15%. The budget also proposes to scrap the graduate retention rebate. The Nova Scotia government has announced its intention to conduct a comprehensive review of taxes based on principles of simplicity, fairness and competitiveness. The results of the review will be announced in autumn 2014.
Related Posts
Canada’s Bill C-69, Budget Implementation Act, 2024, No. 1, was presented to the House of Commons of Canada’s Parliament on Thursday, 2 May, 2024. Bill C-69 enacts the provisions outlined in the Notice of Ways and Means Motion (NWMM)
Read More
The Canadian Federation of Independent Business (CFIB) published a release, on Thursday, 9 May, 2024, regarding its opposition to the proposed capital gains tax changes in the 2024 federal budget. The proposal aims to increase the capital gains
Read More Canada’s 2024 federal budget proposal may affect charities due to amendments made to the donation receipt requirements, and modification to the communication process between Canada Revenue Agency (CRA) and charitable organisations. The budget
Read More Canada's Department of Finance announced, on 30 April 2024, that it tabled the “Notice of Ways and Means Motion to introduce an Act to implement certain provisions of the budget tabled in Parliament on 16 April 2024”. This legislation will
Read More On 16 April 2024, Canada’s Finance Minister delivered the 2024 federal budget. The following are some of the key tax measures of the budget: Capital gains inclusion rate The 2024 Budget proposes increasing the capital gains inclusion rate
Read More On 22 February 2024, the Canada Revenue Agency (CRA) released the Information Circular 94-4R2 on International Transfer Pricing: Advance Pricing Arrangements (APAs). This circular offers detailed guidance on APAs, focusing on the prerequisites for
Read More
