As of right now, there is no official tax credit in Nova Scotia for residents under 30 on their first $50,000 made.
This is a project that the government of Nova Scotia wants to incite but is not a solid tax credit that you can claim today.
For more information about available credits please see our TurboTax articles below.
Nova Scotia – Income Tax Brackets, Rates, & Provincial Tax Credits
20 Popular Canadian Tax Deductions and Credits in 2022
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