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- The $10,000 limit on medical
expenses for other financially dependent relatives is being removed from the
Income Tax Act. It has not actually been applied since 2011, when the
Federal limit was removed.
This is a separate tax credit from the medical expense tax credit for spouses
- A new Innovation Equity Tax Credit will be
introduced, beginning January 1, 2019. The existing Equity
Tax Credit will be phased out over time.
Cannabis Tax: The federal government will impose a
federal excise duty of $0.25 per gram of flowering material in a cannabis
product and will collect a $0.75 per gram additional duty on behalf of the
For more information see Key Tax Measures on page 39 of the Budget
2018-19 document on the Nova Scotia website.