- Nova Scotia will decrease the HST rate by one percent starting April 1, 2025
- The HST rate will change from ten percent to nine percent
- This is the first sales tax change in fourteen years in Nova Scotia
- The combined tax rate will be 14 percent after the change
- The federal GST rate remains at five percent
- The budget includes reindexing personal income tax brackets
- A new universal lunch program for public school students will be introduced
- Funds will be allocated to the healthcare system for positive impact
- Businesses must update systems for accurate tax calculations and remittance
Source: salestaxinstitute.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.
