The Nova Scotia government delivered half a reform on its equity tax credit last week, and it will be interesting to see what the other half of the reform will entail in a few months.
Don’t get me wrong. Last week’s announcement was a welcome step forward – something I’ve long called for in this column. The government says there are more changes coming, and I suspect they will be announced hand-in-hand with the other three Atlantic Provinces to harmonize investment tax credits across the region.
The main thing to watch for is whether the credits can be used by investors outside the region.