Province House Nova Scotia Legislature Building

2022-23 Nova Scotia Budget Highlights

2022-23 Nova Scotia Budget Highlights

3 Minute Read

Nova Scotia Finance Minister Allan MacMaster tabled the Provincial Government’s 2022-23 Budget on March 29, 2022.

On March 29, 2022, Nova Scotia Finance and Treasury Board Minister Allan MacMaster tabled the 2022-23 Budget. Titled Solutions for Healthcare, Solutions for Nova Scotians, Budget 2022-23 focuses on improving healthcare, strengthening the economy, and investing in supports for families and communities.

Tax measures in the Budget include:

  • No corporate or personal income tax rate changes.
  • New Children’s Sports and Arts Tax Credit to help offset costs of certain activities for children under the age of 19.
  • New Fertility and Surrogacy Rebates to provide financial support for Nova Scotians trying to start a family.
  • Introduction of the More Opportunities for Skilled Trades (MOST) tax refund, which will provide a refund of personal income tax on the first $50,000 of earned income for individuals under the age of 30 in certain skilled trades and occupations.
  • New measures impacting ownership of residential real property by non-residents of Nova Scotia:
    • Non-Resident Deed Transfer Tax on property purchased by a non-resident
    • Non-Resident Property Tax

More details and highlights of the 2022-23 Nova Scotia Budget can be found on the Provincial Government’s website.

2022 Federal Budget

Sign up now to access MNP’s insightful Federal Budget Summary on release and find out the impacts and implications.


  • Confidence

    What you need to know about the CRA’s self-assessment tax audit process

    How do you prepare when the CRA requests an audit of specific expenses or deductions you’ve made?

  • Performance

    June 11, 2024

    Three practical strategies that can help increase profit margins in your business

    Has your bottom line taken a hit? These strategies could help you improve your profit margin.

  • Agility

    June 11, 2024

    Collaboration among credit unions, tapping into data: Let CUPID be your guide

    MNP’s Credit Union Peer Information Dashboard (CUPID) allows you to see your credit union’s data in a whole new light, benchmarking key metrics in real time against your industry peers and your own business’s past performance.