BILL NO. 373
(as introduced)
1st Session, 64th General Assembly
Nova Scotia
2 Charles III, 2023
Private Member's Bill
Income Tax Act
(amended)
Lisa Lachance
Halifax Citadel–Sable Island
First Reading: October 25, 2023
Second Reading:
Third Reading:
Explanatory Note
This Bill amends the Income Tax Act to
(a) increase the payment amounts for the Nova Scotia Affordable Living Tax Credit by 50%; and
(b) index the eligibility criteria and payment amounts for the Affordable Living Tax Credit to changes in the Consumer Price Index for Nova Scotia.
An Act to Amend Chapter 217
of the Revised Statutes, 1989,
the Income Tax Act,
Respecting the Affordable Living Tax Credit
Be it enacted by the Governor and Assembly as follows:
1 (1) Clause 80(1)(c) of Chapter 217 of the Revised Statutes, 1989, the Income Tax Act, as enacted by Chapter 4 of the Acts of 2000 and amended by Chapter 3 of the Acts of 2010, is further amended by striking out ", the Nova Scotia Affordable Living Tax Credit" in the third line.
(2) Section 80 of Chapter 217, as enacted by Chapter 4 of the Acts of 2000 and amended by Chapter 3 of the Acts of 2010 and Chapter 4 of the Acts of 2022, is further amended by adding immediately after subsection (1) the following subsections:
- (1A) Subject to subsection (1E), the Governor in Council shall, within six months of the coming into force of this Section, prescribe payment amounts for the Nova Scotia Affordable Living Tax Credit that are not less than 150% of the amounts prescribed at the time this Section comes into force.
(1B) Subject to subsections (1D) and (1E), the Governor in Council shall, for each taxation year, make regulations prescribing the eligibility criteria and payment amounts for the Nova Scotia Affordable Living Tax Credit.
(1C) In prescribing the eligibility criteria for the Nova Scotia Affordable Living Tax Credit under subsection (1B), the criteria must not be more restrictive than the eligibility criteria prescribed as of January 1, 2011, adjusted by the change in the Consumer Price Index for Nova Scotia, as determined by Statistics Canada, between January 1, 2011, and January 1st of the year immediately preceding the taxation year for which the criteria applies.
(1D) In prescribing the payment amounts for the Nova Scotia Affordable Living Tax Credit under subsection (1B), the payment amount must be adjusted by the change in the Consumer Price Index for Nova Scotia, as determined by Statistics Canada, of the year immediately preceding the taxation year for which the payment amount applies.
(1E) The money required for the purpose of subsections (1A) and (1B) must be paid out of money appropriated for that purpose by the Legislature.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2023 Crown in right of Nova Scotia. Created October 25, 2023. Send comments to legc.office@novascotia.ca.
