Nova Scotia’s incumbent Progressive Conservatives released their election platform today, which includes a promise to cap electricity rate increases so that they don’t exceed the national average.
The Tory platform also promises to reduce the small business tax rate to 1.5 per cent from 2.5 per cent, and to increase the tax threshold to $700,000 from $500,000.
The majority of the other promises in the platform have already been announced, either during the campaign or before Tory Leader Tim Houston called the election to seek a second term in office.
Those promises include cutting the provincial portion of the harmonized sales tax by one percentage point and increasing the basic personal exemption on the provincial income tax to $11,744 from $8, 744.
Houston has also promised to boost the minimum wage to $16.50 in 2025 if re-elected Nov. 26.
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