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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
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
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
capital cost allowance changes
expansion of list of expenses eligible for medical expense tax
credit, effective 2008