Tax Lawyers in Halifax

The Canada Revenue Agency (CRA) administers and collects several of Nova Scotia’s taxes, including: personal and corporate income tax, Harmonized Service Tax (HST), Donations and Gifts Tax Credit, and more, on behalf of the province. While the NS Department of Finance and Treasury Board, and Nova Scotia Provincial Tax Commission, administer and enforces other Nova Scotia Provincial tax laws. The province value added tax is 10% in addition to the 5% Goods and Services Tax (GST), making a total of 15% HST. Businesses are generally able to recoup their HST through Input Tax Credits.

For Nova Scotia’s progressive income tax rates, click here. To learn about other taxes administered by NS Department of Finance and Treasury Board, Nova Scotia Provincial Tax Commission, and other agencies, click here.

Nova Scotia operates a progressive tax system i.e.; higher income equals higher tax rates. The province has multiple tax brackets, each with a different tax rate in addition to federal taxes (Click here to see). They have a 15% harmonized service tax on most goods and services rendered in Nova Scotia with some rebates and input tax credits.

They offer special tax benefits such as the Affordable Living Tax Credit and Poverty Reduction Credit for low-income individuals and families, child care benefit tax credit, graduate tax credit, Children’s Sports and Arts Tax Credit, More Opportunity for Skilled Trades and Occupations Tax Refund, and more.

In Halifax, as in the rest of Nova Scotia, certain types of income are not taxed. These include:

• Most gifts and inheritances, though tax consequences may apply.
• Lottery winnings, including from Canadian lotteries, are tax-free, with conditions.
• GST/HST credits, Canada Child Benefit (CCB), and Climate Action Incentive Payment (CAIP) now referred to as Canada Carbon Rebate (CCR).
• Nova Scotia Affordable Living Tax Credit
• Most life insurance payouts after someone’s death.
• Compensation received for victims of criminal acts or motor vehicle accidents.
• Most strike pay from your union, even if picketing duties were required.
• Disability or death payments to war veterans from Canada or an allied country.

These exemptions help to reduce the overall tax burden for individuals and families in Halifax.

Nova Scotia offers several tax exemptions by way of tax credits. These exemptions can help individuals and businesses reduce their taxes. Below are some of the exemptions:

• Nova Scotia’s basic personal and spousal amounts: Allows you to reduce your tax burden resulting in more money in your pocket.
• Principal residence exemption
• Charitable donations
• Tax-Free Savings Accounts (TFSAs): Withdrawals from TFSAs are tax-free.
• college or university tuition
• medical expenses
• First-Time Home Buyers’ Program
• Caregiver expenses
• Small business deductions
• Certain export sales

The cost of hiring a tax lawyer in Halifax depends on your specific tax concerns, whether it’s a CRA tax audit, tax reassessment, or voluntary disclosure. Fees vary based on complexity and scope.

At TaxLawyer.com, we connect Nova Scotians with experienced Halifax tax lawyers who provide clear, results-driven advice at fair, transparent rates. Our trusted directory and in-house team ensure you get high-quality legal help – without unnecessary financial stress.

Before hiring a tax lawyer Halifax, it’s important to:

• Identify your specific tax needs.
• Research potential candidates and conduct due diligence.
• Initiate contact.
• Discuss fees and make necessary arrangements.

At taxlawyer.com, we simplify this process by maintaining a directory of experienced tax law Halifax lawyers in Canada. Through our free 10-minute income tax consultation, we’ll connect you with the Halifax tax lawyer best suited to your needs.