News release

Government Approves Writeoffs for 2019-20

The province is writing off $65.5 million in debts considered uncollectable as of March 31st.

Writeoffs are a normal cost of doing business for any organization, public or private. They are for the 2019-20 year and none are related to the COVID-19 pandemic.

"It is important to note that these transactions originated in previous fiscal years and do not have an impact on the province’s 2019-20 deficit or surplus position," said Karen Casey, Minister of Finance and Treasury Board.

Total writeoffs for 2019-20 are $65.5 million, mainly due to a single event, the receivership of DSME Trenton Ltd.

Quick Facts:

  • although a debt is written off, efforts to collect the funds continue
  • this accounting process is in line with Nova Scotia’s Finance Act

Additional Information:


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