Atlantic Provinces -> Nova Scotia -> Nova Scotia Budgets -> Nova Scotia 2008 Budget
Nova Scotia 2008 Budget - April 29, 2008
All Budget 2008 documents can be found on the Nova Scotia Budget Documents Archive page.
 | no changes to personal income tax brackets or rates |
| Volunteer Firefighters Tax Credit expanded to include ground search and rescue volunteers |
| Healthy Living Tax Credit for children's sport and recreational activities - starting in 2009, this credit will be extended to all Nova Scotians. - This 2009 extension has now been deferred, as per the 2009 Budget. |
| Starting in 2009, the province will match the Federal Transit Tax Credit. - This has now been deferred, as per the 2009 Budget. |
Federal tax changes
Federal budget 2008 income tax measures affecting taxable income and certain tax credits that automatically affect provincial taxes in all provinces and territories except Québec: | new Tax-Free Savings Accounts (TFSA) |
| changes to RESPs |
| reduction of gross-up amount for dividends eligible for the enhanced dividend tax credit. |
| increase in maximum Northern Residents deduction beginning in 2008 |
| capital cost allowance changes |
| expansion of list of expenses eligible for medical expense tax credit, effective 2008 |
Revised: October 26, 2023