Tax & Fiscal Environment Nova Scotia’s tax & fiscal environment ranked 3rd in Canada and 1st in Atlantic Canada. Strengths include relatively low effective tax rates, led by a low provincial corporate tax per GDP. Challenges are higher workers’ compensation premiums per employee and higher property taxes per GDP. INDICATORS 1999 Tax Base Corporate Tax Per GDP 2 Indirect Tax/Personal Income 3 Personal Income Tax 4 Sales Tax/Personal Income 3 Property Tax/GDP 3 Workers’ Compensation Premiums 6 Expenditures Base R&D Tax Credits/Businesses 5* Business Subsidies Per GDP 7 Government Expenditures Per GDP 7 Government Employment/% Total 7 Tax & Fiscal Environment 3 * not included in calculating the overall ranking; comparable data not available		Contact      Print

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