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 http://www.prioritytax.ca/blog/consumer-tax/nova-scotia-graduate-retention-rebate/

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This is getting interesting…… keep it up much longer and the government will be paying you to build!

The new NDP provincial government just announced that they are removing a portion of the sales tax on new home construction or purchases. ¬†The rebate amount is 4%, to a maximum of $7,000. ¬†But you have to complete construction or purchase of your new home by March 1, so don’t wait. ¬†Also, it’s limited to only 1,500 applicants. ¬†I wonder what will happen if there are more? ¬†Premier Dexter says details will be announced over the summer, so let’s stay tuned.

http://www.gov.ns.ca/news/details.asp?id=20090707002

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