Nova Scotia Announces HST Reduction to 14% Starting April 2025
The tax cut comes amid speculation of an early provincial election, as Premier Tim Houston cites economic progress and cost-of-living relief.
- The harmonized sales tax (HST) in Nova Scotia will decrease from 15% to 14% on April 1, 2025, with the provincial portion dropping from 10% to 9%.
- Premier Tim Houston stated the tax reduction aims to alleviate financial burdens on residents and stimulate the provincial economy.
- The reduction is projected to cost the province $260.8 million in lost revenue for the 2025-26 fiscal year, according to the Finance Department.
- Political opponents criticize the move as a potential election strategy, with some suggesting it doesn't go far enough to address economic challenges.
- The announcement follows increased speculation about a snap election, despite a fixed election date set for July 15, 2025.