Assemblée Législative de la Nouvelle-Écosse

Les travaux de la Chambre ont repris le
21 septembre 2017

Projet de loi no 51

Financial Measures (2013) Act

An Act Respecting Certain Financial Measures

Déposé par :
L'honorable Maureen MacDonald
Minister of Finance

Première lecture
Débats en deuxième lecture
Adoption en deuxième lecture
Comité des modifications des lois
    Date(s) de réunion 1 mai 2013
    Rapport à la Chambre
Comité plénier
Débats de la troisième lecture
Débats de la troisième lecture
Sanction royale
Prise d'effet Section 4: June 1, 1986; Section 3: September 30, 2006; Sections 2, 11 to 13 and 25: April 1, 2013; Section 17: April 5, 2013; Section 5: May 1, 2013; Sections 9 and 10: June 1, 2013; Sections 22 to 24: January 15, 2014
2013 Statutes, Chapter 3

Note explicative (en anglais seulement)

Clause 1 sets out the short title of the Act.

Clause 2 increases fees payable under the Companies Act.

Clause 3 changes how the taxable paid-up capital of a bank is computed.

Clause 4 provides that interest on an overpayment of corporation capital tax will no longer be included with the refund of the overpayment.

Clause 5 increases fees payable under the Corporations Registration Act.

Clause 6 adds a reference to Sections 36A and 36B to the Section of the Income Tax Act that governs the ordering of tax credits when computing an individual’s tax payable under Part II of that Act.

Clause 7 provides for a $1,000 non-refundable age tax credit for seniors with a “taxable income” or “taxable income earned in Canada” of less than $24,000, effective January 1, 2014.

Clause 8 decreases the small business threshold for corporate taxes from $400,000 to $350,000 and reduces the small business corporate income tax rate from 3.5 per cent to 3.0 per cent, effective January 1, 2014.

Clause 9 increases the fee for having a special number assigned as the serial number of a vehicle.

Clause 10 increases the reinstatement fee for the restoration of a driver’s licence following a revocation for an alcohol-related offence.

Clause 11 increases the deduction to be made by a prothonotary from the interest to be paid out under Section 4 of the Payment into Court Act.

Clause 12 increases registration fees payable under the Personal Property Security Act.

Clause 13 increases probate taxes.

Clause 14 capitalizes “government” in the definitions of “government director” and “non-government director” to make them consistent with the rest of the Act.

Clauses 15 and 16 require the Minister of Finance to appoint as a director of Public Service Superannuation Plan Trustee Incorporated a person recommended by the Nova Scotia Government Retired Employees Association and provides that such a director serves for such term, not exceeding 5 years, as the Association specifies.

Clause 17 increases the tax on tobacco.

Clause 18 repeals the provisions of the Sales Tax Act that deal with tax-inclusive pricing.

Clause 19 repeals the provisions of the Sales Tax Act that deal with a transitional tax that was payable from April 1, 1997 to March 31, 1998, and incorporates into the Act the provisions of the Sales Tax Act Regulations that relate to

(a) the Household Energy Rebate Program;

(b) point-of-sale rebates for books and audio books, children’s clothing, children’s footwear, children’s diapers and feminine hygiene products;

(c) provincially administered rebates in relation to computers and vehicles for persons with specified disabilities, fire-fighting equipment for volunteer fire departments and municipalities and building materials used to repair, improve or restore heritage properties; and

(d) the First-time Home Buyer Rebate Program.

Clause 20 requires that, before the Government can introduce any bill to amend or repeal the provisions enacted by Clause 19, a referendum be held and the proposed amendment or repeal be approved by a majority of voters.

Clause 21 repeals a regulation-making power that relates to Part II of the Sales Tax Act which is repealed by Clause 18 and adds regulation-making powers respecting the conduct of a referendum required under proposed Section 12ZB.

Clauses 22 to 24 increase fees payable under the Summary Proceedings Act.

Clause 25 increases fees payable under the Trust and Loan Companies Act.

Clause 26 sets out the effective dates for the Act.