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Financial Measures (2018) Act Introduced

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 .

Source: Release

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