Nova Scotia program expanded to allow some nurses to take advantage of provincial tax refunds
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Posted Mar 22, 2024 10:58:02 AM.
Last Updated Mar 22, 2024 11:01:05 AM.
It is about to get easier for young Nova Scotia nurses to receive refunds on their income tax through the province.
As of March 20, the more opportunity for skilled trades refund program (MOST) has returned over $8 million to more than 2,200 hundred workers in a range of skilled trades and film occupations.
The province is now extending that program to registered nurses, licensed practical nurses and those holding a valid nursing licence with the Nova Scotia College of Nursing and working in eligible positions.
Starting with the 2023 tax year, eligible nurses can take advantage of the program which returns the provincial income tax paid on the first $50,000 of income earned by workers under age 30.
The expansion to include nurses was announced in the 2023-24 budget with the aim to attract and retain younger workers and address labour shortages in key sectors like nursing.
“MOST is helping thousands of young people get their start. We need them to work with us to build our province’s future,” said Finance and Treasury Board Minister Allan MacMaster in a release. “Nurses can now file their income taxes, get their notice of assessment and then apply to the MOST program for a refund.”