New Tax Measures:
HST Energy Rebate
The government is implementing a rebate of the
provincial portion of the Harmonized Sales Tax (HST) on residential
electricity usage, starting October 1, 2009. The rebate will apply
to usage below the current 27.4 kWh per day threshold, and will now cover
all residential electricity usage including the monthly basic charge.
For consumers who are being billed at the domestic
service rate, the rebate will be automatically deducted from your bill.
See the Access Nova Scotia web page Your
New Home Construction Rebate
This rebate was announced on July 7, 2009. A
rebate of 50% of the provincial portion of the HST is available for new
homes that began construction on or after January 1, 2009 and are
substantially complete by March 31, 2010.
The maximum rebate is $7,000. The rebate will be
limited to 1,500 homes.
For post-secondary students graduating in 2009 and
later years, the graduate retention rebate replaces the graduate tax
Manufacturing and Processing
The Manufacturing and Processing Investment
Credit is 10% of eligible investments made on or after January 1,
2010. Details will be announced after further consultations with the
Equity Tax Credit