Ads keep this website free for you. does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Nova Scotia 2008 Budget
Canadian Tax and
Financial Information Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with!
What's New
Personal Tax
Sales Taxes
Financial Freedom
Financial Planning
Registered Accounts
Real Estate
US Tax Tips
British Columbia
Atlantic Provinces
Federal Budget
Prov/Terr Budgets
Statistics etc.
Site Map
Advertise With Us
Contact Us/About Us
Links & Resources
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.

bullet no changes to personal income tax brackets or rates
bullet Volunteer Firefighters Tax Credit expanded to include ground search and rescue volunteers
bullet 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.
bullet 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:
bullet new Tax-Free Savings Accounts (TFSA)
bullet changes to RESPs
bullet reduction of gross-up amount for dividends eligible for the enhanced dividend tax credit.
bullet increase in maximum Northern Residents deduction beginning in 2008
bullet capital cost allowance changes
bullet expansion of list of expenses eligible for medical expense tax credit, effective 2008
Revised: October 26, 2023

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from

Facebook  | Twitter  |  See What’s New, stay connected with by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.