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Lower Income Taxes

Nova Scotians pay some of the highest income taxes in the country, with an extremely low personal basic exemption amount that hasn’t been indexed to inflation. We will make a one-time increase to the personal basic exemption to $15,705 and ensure it remains indexed to inflation. This will lower the amount payable when you file your income taxes. We’ll also double the benefit currently received by earners under $75K, further lowering their taxes to provide additional help to middle class families. These changes will result in Nova Scotia having the lowest personal income taxes in Atlantic Canada.

Cost estimate: Cost estimate: $403M

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