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 2011 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 2011 Budget

Nova Scotia 2011 Budget - April 5, 2011

All Budget 2011 documents can be found on the Nova Scotia Budget Documents Archive page.

Highlights of Tax Changes:

Personal Income Tax

Non-refundable tax credits

Effective January 1, 2011, the basic personal amount will be increased by a further $250 to $8,481 from $8,231.  Other non-refundable credits that will be increased by the same proportion are the credits for spouse or common-law partner, dependent, pension income, disability, caregiver, age, and infirm/dependents age 18 or older.

The Nova Scotia tax rate tables have been revised to reflect the change in the basic personal amount.  The tables of non-refundable tax credits and the Canadian Tax Calculator have been revised.  The non-refundable credit amounts that have not yet been detailed by the Nova Scotia government have been estimated using an increase of 3.037%.


Refundable Credits

Tax Reduction for Low-Income Seniors

The Nova Scotia Affordable Living Tax Credit (NSALTC) and the Poverty Reduction Credit payments will be increased by 2.2% effective July 1, 2011.

Corporate Tax

The corporate income tax rate for small businesses will be reduced from 4.5% to 4% effective January 1, 2012.  This rate is available to eligible small businesses on the first $400,000 of taxable income.  See the tables of corporate income tax rates.

The rate for Large Corporations Tax on capital of non-financial institutions will be reduced on July 1, 2011, from 0.10% to 0.05%, as announced in the 2006-2007 budget.  The tax will be eliminated on July 1, 2012.

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.