If you are under 30 and in a skilled trade, you can apply for a provincial income tax refund.
Beginning with the 2022 tax year, the refund will return the provincial income tax paid of the first $50,000 of income.
To qualify you must be employed and registered as an apprentice or certified in an eligible trade, or be employed in the film or video industry.
About 7,600 workers will benefit from this, with an average refund of up to $2,700.
“We want young Nova Scotians to know that there is opportunity for them here. To find meaningful careers, to lay down roots, and to thrive. MOST is an effective tool to help companies retain and attract the skilled workers we need today and to help build our workforce for tomorrow.”
– Jill Balser, Minister of Labour, Skills and Immigration
Quick Facts:
— MOST was announced in the 2022-23 provincial budget and expanded to include film and video workers in October
— about 7,600 workers will benefit, with an average refund of about $2,700
— the credit is estimated to cost $21 million in 2023-24
— in Budget 2023-24: More Healthcare, Faster, the government announced MOST will expand to include nurses working in the publicly funded healthcare system for the 2023 income tax year
For more information about eligibility or to apply, visit: http://novascotia.ca/MOST
