- Nova Scotia HST rate will decrease from 15% to 14% on April 1, 2025.
- The provincial portion of the HST will decrease from 10% to 9%.
- The change will require amendments to the GST/HST Excise Tax Act.
- Transitional rules will determine whether a supply in Nova Scotia is subject to the old or new HST rate.
- The general rule is that the tax rate will be determined based on when HST becomes payable.
- HST at 15% applies if payable before April 1, 2025.
- HST at 14% applies if payable on or after April 1, 2025.
- Specific transitional rules apply to sales of real property.
- HST at 15% applies if ownership or possession is transferred before April 1, 2025.
- HST at 14% applies if both ownership and possession are transferred on or after April 1, 2025.
- Property and services imported into Nova Scotia before April 1, 2025 will require self-assessment at 10%.
- Property and services imported on or after April 1, 2025 will require self-assessment at 9%.
Source: dmainc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
