Government of Nova Scotia
Economic Development
Business Climate Index

2004

Corporate and Personal Income Tax - Update

Indicator 2001r 2002
Corporate Tax Per GDP 4th7th
Personal Income Tax 9th9th

Progress on Action Plan:

  • The Large Corporations Tax decreases from 0.3% to 0.2% over a four-year period starting July 1, 2005
  • The small business tax threshold increases to $350,000 from $300,000 effective April 1, 2005 and to $400,000 in April 1, 2006
  • Personal Income Tax remains unchanged (http://www.gov.ns.ca/finance/budget06/TaxReliefBulletin.pdf)
Links: Related:
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