Nova Scotia has a $33 billion economy. In 2006, the federal, provincial and municipal governments collected over $10.7 billion in taxes, re-directing approximately one third of the economy’s output to support public programs, infrastructure and debt payments.
The federal government is the largest recipient of tax revenues from Nova Scotians, collecting $4.6 billion. The provincial government collects almost as much tax revenues as the federal government: $4.2 billion. Local governments as well as direct contributions to social insurance plans (Employment Insurance, for example) collect about $1 billion in tax revenues.