Bill 152: Income Tax Act (amended)

This bill primarily affects individual Nova Scotians rather than businesses directly, but it has meaningful payroll implications for employers of all sizes across the province. Any business in Nova Scotia that runs payroll — whether a solo contractor paying themselves, a small restaurant or retail shop, or a larger employer in construction, healthcare, or manufacturing — will need to update provincial tax withholding calculations to reflect the higher basic personal amount. Workers earning lower wages will see less tax withheld from each paycheque, which may affect net take-home pay and year-end reconciliations. Payroll software and accounting systems will need to be updated, and employers using manual payroll processes will need to adjust their TD1 Nova Scotia calculations accordingly.