Island residents will save more in 2024 due to changes in provincial income and property taxes this year. Changes to the current income tax bracket system effective January 1, 2024, will result in total savings of $14 million this fiscal year to Islanders impacted, with savings...
This section provides information on eligibility for a waiver of Retail Sales Tax where designated property has been acquired though an inheritance. What requirements must be met for the Retail Sales Tax inheritance exemption? Vehicles and other designated property are not...
Before new policies and procedures are approved or existing policies and procedures are changed it is important that Taxation and Property Records Division receive stakeholder comments and suggestions. Taxation and Property Records Division still considers your submission during...
This section provides information on eligibility for a waiver of Retail Sales Tax on the private transfer of designated property for First Nation individuals. What requirements must be met for the Retail Sales Tax First Nations exemption? Vehicles and other designated property...
This section provides information on the application of Retail Sales Tax when designated property brought into the province meets the definition as settlers effects as set out in the Regulations to the Retail Sales Tax Act. What criteria must be met in order to qualify for the...
This section provides information on eligibility for a waiver of Retail Sales Tax where the designated property has been acquired as part of a marriage breakdown. What requirements must be met for the Retail Sales Tax marriage breakdown exemption? A person is exempt from paying...
This section provides information on the application of Retail Sales Tax where the private transfer of a vehicle meets the requirements of a family transfer. In order to qualify as a family transfer what requirements must be met? In order to qualify for the family transfer...