The budget anticipates a surplus of $108 million for 2021-22 and projects deficits of $506 million for 2022-23 and $419 million for 2023-24. Although the budget does not include any new changes to the corporate or personal tax rates, it announces a personal tax refund for eligible individuals in certain skilled trades and occupations, and introduces a Property Tax and a Deed Transfer Tax for residential properties owned or acquired by non-residents of Nova Scotia, among other changes.

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