During an announcement at the Nova Scotia Liberal Party AGM held February 9, Leader Zach Churchill committed to lowering the HST from 15 percent to 13 percent, which would make it the lowest sales tax in Atlantic Canada.
The party says that at a time when Nova Scotians are struggling to make ends meet, the Houston government has benefited from inflation and received $3.4 billion in additional taxes and revenues as a result.
“With some of the highest taxes and rental increases in the country, it has never been more expensive to be a Nova Scotian,” said Liberal Leader Zach Churchill. “Now more than ever, our province needs a new economic vision focused on affordability and that starts with making sure people are taxed fairly in our province.”
According to the party, cutting the HST by two percent would save individual Nova Scotians approximately $650 each year. It has estimated that it would cost the government $500 million per year in lost revenue.
This policy builds on the Liberals’ commitment to lower taxes for all Nova Scotians by indexing income tax brackets to inflation. Nova Scotia is the only province in Canada that has yet to address this punitive measurement.
“We can afford to invest in these policies and Nova Scotians can’t afford for us not to,” said Churchill. “Unlike the NDP who have raised taxes and Tim Houston who has shown he isn’t willing to provide broad support, our party cares about making life affordable for Nova Scotians. Cutting the HST is just the beginning.”
Zach Churchill image from https://www.liberal.ns.ca/leader
Comentários