Nova Scotia Families Begin Receiving Affordable Living Tax Credit

first_imgFamilies with low or modest incomes will begin receiving the Nova Scotia Affordable Living Tax Credit this July to help offset the impact of the HST restoration. “While we move toward getting our province back to balance, we are taking the necessary steps to keep life affordable for Nova Scotians,” said Finance Minister Graham Steele. “The Affordable Living Tax Credit will help put additional dollars in the pockets of lower and modest income families.” Qualifying Nova Scotia households will receive a tax credit payment every quarter, along with the federal GST/HST credit. People must file their income tax return each year to be eligible. In addition to the Affordable Living Tax Credit, government is working to balance the impact of the HST restoration by offering other new rebates and credits including: Point-of-sale rebates on certain essential items including children’s clothing, footwear, and diapers, and feminine hygiene products A tax reduction for low-income seniors A tax credit for Nova Scotians living in poverty For more information on the HST restoration and on the rebates and credits, visit the Department of Finance website at www.gov.ns.ca/finance/en/home/taxation/default.aspx .last_img

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