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Changes to the 2018 Nova Scotia Personal Tax Credits Return (TD1NS)

Posted by Human Resources on January 3, 2018 in Human Resources

Beginning with the 2018 taxation year, the Nova Scotia basic personal exemption amount will increase for some individuals, depending on income. Individuals who have taxable income of $25,000 or less will qualify for a $3,000 increase on the basic personal exemption, from $8,481 to $11,481. For individuals who have taxable income between $25,000 and $75,000 the $3,000 increase will be reduced by 6% of taxable income that is more than $25,000. Individuals who have taxable income of $75,000 or more will not receive any increase.

Payroll has entered the basic amount of $8,481 for every employee for the Nova Scotia Tax Exemption. If you wish to change your exemption please fill out the two forms below and return to the Payroll Office, Room 150, Henry Hicks Building, as soon as possible.

https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1ns.html

https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1ns-ws.html