HALIFAX, N.S. — Nova Scotia is expanding its Skilled Trades Income Tax Rebate program to include film and video exhibitors.
The More Opportunities for Skilled Trades program provides a full provincial tax refund to tradespeople under age 30 on the first $50,000 of qualifying income.
“The government is focused on supporting a strong film and video industry by investing in young, skilled workers so they can build their lives here and contribute to our growing economy,” Premier Tim Houston said in a statement. Press release.
“We recognize that there are labor shortages for this growing industry, so we are taking concrete steps to address the issue now to help the film industry grow sustainably and become an economic engine all year round.”
The program will be in effect for the 2022 tax year.
Eligible residents can apply and qualify for the refund after filing their 2022 tax returns as residents of Nova Scotia and receiving a notice of assessment from the Canada Revenue Agency.
The province says about 7,600 current and new workers in the skilled trades and film and video sectors will benefit from the program, first announced in Budget 2022, with an average reimbursement of about $2,700. .
The film industry is the second sector to be eligible for the program, after the skilled trades.
More information on the refund process will be available in the coming months. The province said the program could expand to other areas.