Financial Measures (2018) Act Introduced

Finance and Treasury Board

April 6, 2018 9:19 AM

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 .


FOR BROADCAST USE:

     Finance and Treasury Board Minister Karen Casey introduced

the Financial Measures Act today (April 6th)

     The act provides the legislative authority to implement

measures in Budget 2018-19, including a new Innovation Equity

Tax Credit, and other administrative amendments.

     Ms. Casey says Budget 2018-19 strengthens services and

supports for Nova Scotians, while making important investments

in health care, education and pre-primary.

     This is government’s third-straight balanced budget.

     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 W-W-W dot nova scotia

dot C-A.

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Media Contact: Brian Taylor
              902-424-2917
              Cell: 902-220-1727
              Email: brian.taylor@novascotia.ca