The Nova Scotia Graduate Tax Credit is available to anyone living and working in Nova Scotia who graduated from an eligible post-secondary program on or after January 1, 2006. This credit could reduce your Nova Scotia income taxes by $1,000 in 2006 and 2007 and by $2,000 in 2008 and later years.
Starting in 2008, the value of the Graduate Tax Credit will be increased from $1,000 to $2,000.
Starting with the 2007 tax year, Nova Scotia graduates can apply for the Graduate Tax Credit directly on their Income Tax Return. Provincial certificates are no longer necessary. Just attach a copy of your diploma to your paper return or, if you are filing electronically keep all your documents in case the Canada Revenue Agency asks to see them.