Are you graduating from college or university?  If you live in Nova Scotia by the end of the year, you could qualify for the $2,000 graduate tax credit.  This tax credit gives you a $2,000 reduction in your provincial taxes.  If your income is low, and you don’t need that much to get all your taxes back, you can even carry it forward to use next year.

NOTE:  This Nova Scotia Graduate Tax Credit has been replaced for 2009 and future years with a new, more lucrative tax rebate.  Read about it here

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