Nova Scotia premier says middle-class tax cut largest in province’s history
HALIFAX — More than half of Nova Scotians are getting a tax break as what Premier Stephen McNeil calls the largest tax cut in the province’s history takes effect this week.
The tax cut took effect Monday for about 500,000 Nova Scotians, reducing their taxes by an average of $160, the premier says. It increases the basic personal exemption on a sliding scale up to $3,000 for taxable income up to $75,000.
“What we have done here is actually ensure that those in our province who need the help the most get the largest benefit of this change,” McNeil said in an interview on Tuesday.
“These are big numbers, and it’s the largest tax change that impacts Nova Scotians in our provincial history, in a positive way.”