NOVA SCOTIA SET TO REDUCE HST RATE
TRANSITIONAL AND PLACE OF SUPPLY RULES MAY AFFECT TAXPAYERS
On April 1, 2025, the Province of Nova Scotia is set to decrease their harmonized sales tax (“HST”) rate by 1 percentage point, resulting in a combined GST/HST rate of 14 percent in the province. The reduction will put more money in the pockets of Nova Scotians, but individuals and businesses need to be aware of the complex Transitional Rules and Excise Tax Act (“ETA”) place of supply rules to determine to the applicable rate of HST on their transactions.
The Nova Scotia HST Reduction – Background