On October 23, 2024, the Government of Nova Scotia announced its intention to decrease the rate of Harmonized Sales Tax (HST) to 14 per cent effective April 1, 2025.
Generic transitional rules to determine how the rate change will apply to transactions close to the 1st April date, are contained in the document linked below.
Nova Scotia HST Transitional Rules
CRA has also published a Q&A document with answers to common questions. This document can be found in the link below:
CRA Nova Scotia HST Rate Decrease Q&A
If you have questions about how this impacts your business, please reach out to your SLF advisor.