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Nova Scotia Liberal Party Leader Zach Churchill. Image: submitted.

Liberals vow to slash HST by 2%

By Steve MacArthur Feb 10, 2024 | 10:54 AM

Liberal Leader Zach Churchill is promising to cut the HST by two per cent if his party forms the next government.

Churchill made the pledge on Friday night at the party’s AGM in Halifax.

He says the tax break is necessary to help during challenging times.

“With some of the highest taxes and rental increases in the country, it has never been more expensive to be a Nova Scotian,” said Churchill. “Now more than ever, our province needs a new economic vision focused on affordability and that starts with making sure people are taxed fairly in our province.”

The cut would bring the tax on many products down to 13 per cent.

Churchill estimates it would mean an extra $650 save per person but it also means less tax revenue for the province to spend on services.

However, the Liberal leader believes the tax cut could be paid for by an increasing population and point to increased revenues in recent budget updates as a prime example.

In the last update, provincial revenue is projected to be $14.8 billion, up $492.7 million (net gain) from initial estimates.

The HST is currently 15 per cent in all Atlantic province while it is 13 per cent in Ontario.