The Nova Scotia government says it plans to reduce the province’s harmonized sales tax (HST) rate by one percentage point next year.
The province’s HST combines the provincial value-added tax with the federal goods and services tax (GST), and it is applied to the same types of goods and services.
“We’re always looking for ways to provide relief to Nova Scotians. Now, in addition to indexing the personal income tax, we’re lowering the HST rate to help people who are struggling with the cost of living and additional taxes from the federal government,” said Nova Scotia Premier Tim Houston in a news release.
“This will be the largest tax break in Nova Scotia’s history. It’s the first time in 14 years that a provincial government in Nova Scotia has made changes to the sales tax. And this …