Nova Scotia abandons non-resident property tax

 Date: May. 6th, 2022 - 10:58 AM
A man sits at a desk in front of a row of Nova Scotia flags

Premier Tim Houston. Photo Communications Nova Scotia

Nova Scotia Premier Tim Houston announced government will not be moving forward with the non-resident property tax.

“My intentions all along were to improve home affordability, not to be at odds with our core value of being a welcoming province,” said Premier Houston. “I have heard for months from Nova Scotians who are concerned about housing affordability and want to be able to buy their first home. I commit to finding a tool to make it more affordable for first-time homebuyers.”

The non-resident property tax will be removed completely for all non-residents who own residential property in Nova Scotia. The non-resident deed transfer tax will proceed as planned. Both measures were introduced in the spring budget.

Reported by Ed Halverson 
E-mail: edhalversonnews@gmail.com
Twitter: @edwardhalverson

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