Provincial Acts and municipal impacts
Mar 31, 2022 ·
13m 4s
Nova Scotia's budget included two new measures the government says will help with the housing challenges in the province. One is to include a five percent deed transfer tax for...
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Nova Scotia's budget included two new measures the government says will help with the housing challenges in the province. One is to include a five percent deed transfer tax for non-residents who don't move in within six months of closing. The other is a two-dollars per $100 assessment tax for non resident property owners. Meantime, Liberal MLA Lorelei Nicholl has proposed a change to the Municipal Government Act that would exempt first time home buyers in Nova Scotia from paying a deed transfer tax subject to certain conditions. Halifax Regional Municipality issued a statement about their concerns with this measure, saying there were no consultations with municipalities before this potential change came to the House of Assembly. Emily Lutz is a past president of the Nova Scotia Federation of Municipalities. And she discusses her concerns over the lack of dialogue with the Province over issues that effect them. She also weighs in on assessment caps, provincial transfers and the potential of an 11 percent increase in RCMP costs next year.
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