Finance and Treasury Board Minister Karen Casey introduced the Financial Measures (2018) Act today, April 6.
The act provides the legislative authority to implement measures in Budget 2018-19, including a new Innovation Equity Tax Credit, and other administrative amendments. It is a routine part of the budget process.
“Budget 2018-19 makes important investments in health care, education, pre-primary and the economy while also being government’s third consecutive balanced budget,” said Ms. Casey. “This budget strengthens services and supports for Nova Scotians.”
Budget 2018-19 makes key investments in:
— health care to recruit more doctors and improve access to primary care
— education to expand pre-primary, improve classroom conditions, and fund recommendations for inclusive education
— communities to help people connect to the workforce and participate more fully in their communities and in the economy
— economic growth to building a more diverse economy through sector growth and innovation.
Budget 2018-19 also includes the Capital Plan, which invests $605 million in roads, schools, health-care facilities and other public infrastructure.
The Innovation Equity Tax Credit will create more investment in high growth Nova Scotian businesses that are well positioned for rapid scaling-up, for more employment, and for export growth.
The act also creates the Cannabis Tax Act, updates the Public Service Superannuation Act, reflecting the results of its five-year review, and makes administrative changes to six other existing acts.
For Budget 2018-19 information, see http://www.novascotia.ca/budget .