Accounting, Tax, Payroll & Bookkeeping Services in Nova Scotia
Nova Scotia uses HST at 15% and reduced its small business corporate rate to 1.5% in April 2025 — one of the lowest in Canada. BOMCAS Canada serves Halifax, Cape Breton, the South Shore, and clients across Nova Scotia virtually.
Nova Scotia's tax position
Nova Scotia uses HST at 15% (5% federal GST plus 10% provincial portion), administered by CRA. The general corporate income tax rate is 14%. The small business rate was reduced from 2.5% to 1.5% effective April 1, 2025, producing a combined federal-provincial small business rate of 10.5% on the first $500,000 of active business income — one of the lowest in Canada. Personal income tax uses progressive provincial brackets with a top combined federal-provincial marginal rate around 54%.
The Nova Scotia economy
Halifax dominates the Nova Scotia economy as the largest city in Atlantic Canada, the regional headquarters of major banks and insurers, home to Halifax Stanfield International Airport, the Port of Halifax (Canada's deepest ice-free Atlantic port), CFB Halifax (Canada's largest east coast naval base), and several universities. Outside Halifax, the economy includes fisheries and aquaculture along the coast, ocean technology, the Michelin tire manufacturing facilities, agriculture in the Annapolis Valley, tourism (Cabot Trail, Peggy's Cove, Lunenburg), and the legacy steel and coal industries of Cape Breton transitioning to other sectors.
Industries we serve in Nova Scotia
- Fisheries and aquaculture. Lobster, scallops, salmon, mackerel — Nova Scotia has Canada's largest seafood exports.
- Ocean technology. Halifax has a strong ocean tech cluster (Dalhousie's Ocean Frontier Institute, COVE, the Centre for Ocean Ventures and Entrepreneurship).
- Defence and naval. The federal naval and defence sector is a major economic driver in Halifax.
- Tourism and hospitality. Significant seasonal employment.
- Information technology and digital media. Nova Scotia's Digital Media Tax Credit drives ongoing investment.
- Manufacturing. Including Michelin tires.
- Forestry. Important in rural Nova Scotia.
- Mining. Including gold mining in central Nova Scotia.
- Film and television. Nova Scotia's labour-based film tax credits attract production.
- Healthcare professionals. Medical Professional Corporations are permitted under the Medical Act and the Nova Scotia Companies Act.
BOMCAS Canada in Nova Scotia
We serve NS clients virtually across the province: Halifax, Dartmouth, Sydney, Truro, New Glasgow, Kentville, Bridgewater, Yarmouth, Antigonish, Amherst, and many other Nova Scotia communities.
Nova Scotia ocean technology cluster
Halifax has emerged as one of Canada's leading ocean technology centres, anchored by Dalhousie University's Ocean Frontier Institute, the COVE (Centre for Ocean Ventures and Entrepreneurship) startup hub, and federal ocean research operations at the Bedford Institute of Oceanography. Ocean technology businesses interact with federal SR&ED, the Nova Scotia Research and Development Tax Credit, the Nova Scotia Innovation Equity Tax Credit, and specific Atlantic Canada Opportunities Agency (ACOA) funding programs.
Nova Scotia film and digital media
Nova Scotia's film and television industry has rebuilt substantially since the elimination of the previous Film Industry Tax Credit and replacement with the Film and Television Production Incentive Fund. The Nova Scotia Digital Media Tax Credit continues to support interactive digital media production. Film professionals operating through loan-out corporations need careful structuring to manage the timing of credit claims, production company-vs-individual arrangements, and inter-provincial allocation when projects span Atlantic provinces.
Nova Scotia fisheries
Nova Scotia has the largest commercial fishery in Canada by value, with lobster, scallops, snow crab, and groundfish operations distributed across the province. Fisheries operations interact with specific tax provisions: the cash method of accounting election under section 28 (applicable to certain qualifying fishing operations); the federal Fishermen's Loan Board interactions for vessel and equipment financing; seasonal EI compliance and Records of Employment (ROEs) timing; the Atlantic Investment Tax Credit on qualifying property; and aquaculture-specific provincial credits where applicable.
Canadian tax compliance calendar that applies to Nova Scotia clients
The Canadian tax compliance calendar is the same regardless of where you live in Canada, but several deadlines are commonly missed or misunderstood by Nova Scotia businesses and individuals:
- January 31. T4, T4A, and T5018 information returns due for the prior calendar year. Late filing penalties start at $100 and escalate quickly for larger employers.
- February 28. T5 investment income slips due for the prior calendar year.
- March 1 or March 2. RRSP, FHSA, and similar registered plan contribution deadline for the prior tax year (60 days into the new calendar year).
- March 31. T3 trust return deadline (90 days after the trust's calendar year end).
- April 30. T1 personal tax return deadline for most Canadians. Balance owing is due by this date regardless of whether the filing deadline is extended.
- June 15. T1 deadline for self-employed individuals and their spouses (although any balance owing is still due April 30).
- Six months after corporate year-end. T2 corporate income tax return filing deadline.
- Two or three months after corporate year-end. T2 balance owing payment deadline (three months for CCPCs claiming the small business deduction throughout the year and meeting the taxable income threshold; two months otherwise).
- Quarterly: March 15, June 15, September 15, December 15. Personal tax instalment due dates for taxpayers required to pay instalments.
- Monthly or quarterly. CRA source deduction remittances and GST/HST remittances based on the assigned filing frequency.
What happens when CRA contacts Nova Scotia clients
Canadian taxpayers commonly receive several types of CRA contact each year. Knowing what each one means helps Nova Scotia businesses and individuals respond appropriately:
- Notice of Assessment (NOA). Issued after CRA processes a return. The NOA states the assessed tax, refund or balance owing, and any adjustments CRA made. Review your NOA carefully against your filed return.
- Notice of Reassessment. Issued when CRA changes a previously assessed return. You have 90 days from the date of a Notice of Reassessment to file a Notice of Objection if you disagree.
- Pre-assessment review letter. A request for documentation about specific items on a return before CRA finalizes the assessment. Strict response deadlines.
- Post-assessment review letter. Same documentation request, but after the NOA has been issued. Strict response deadlines.
- Demand to file. A formal demand that you file a return that CRA believes is overdue. Failure to comply can lead to a Notional Assessment (CRA estimates your tax, almost always at a higher amount than actual).
- Audit notice. The most serious form of CRA contact. Audits can be desk audits (by mail) or field audits (CRA officer reviews books in person or virtually).
- Collections letter. Issued when there is an unpaid balance. CRA collections has significant powers including garnishment and asset seizure.
If you receive any form of CRA contact, contact us immediately. Do not call CRA back yourself and do not send documents without professional review.
How BOMCAS Canada handles CRA representation for Nova Scotia clients
With your signed authorization on file (RC59 for businesses or AUT-01 for individuals), BOMCAS Canada can communicate with CRA on your behalf. This means: CRA calls about your file route to us; we can access your CRA My Account or My Business Account information; we respond to review letters, audit requests, and collections matters; we file Notices of Objection within the 90-day deadline if needed; we represent you in CRA audits virtually; and we coordinate with tax counsel for Tax Court of Canada appeals where required.
Common Canadian tax questions Nova Scotia clients ask
Can I deduct my home office expenses?
Can I deduct vehicle expenses?
Do I have to pay tax instalments?
What is the difference between Canada Pension Plan (CPP) for self-employed vs employees?
Should I incorporate my business?
What records do I have to keep, and for how long?
What is the difference between current and capital expenses?
Why working with BOMCAS Canada makes sense for Nova Scotia
Nova Scotia businesses and residents work with BOMCAS Canada for several reasons that may matter to you:
- Fixed-fee transparency. Most engagements are quoted as a fixed monthly fee or fixed per-project fee, signed in writing before any work begins. No surprise hourly invoices for routine work.
- One-business-day response standard. We staff to a one-business-day response standard for client emails and calls during normal business hours. No multi-day voicemail backlogs.
- Year-round support. Most clients have unlimited email and phone support included in the engagement, not just during tax season.
- Same accountant year over year. You are not transferred to a new junior every year. The same person who knows your file this year will still know it next year.
- Secure virtual delivery. Encrypted client portal, e-signature, multi-factor authentication, and direct CRA representation under your written authorization. PIPEDA-compliant. No driving to a CPA office.
- Canadian-only tax expertise. We do not do US-only tax, UK tax, or other foreign jurisdictions in isolation. Our cross-border work is always anchored by deep Canadian compliance. Every member of the team works exclusively on Canadian files.
- Industry depth. We have specialized experience across trucking, real estate, medical professionals, contractors, restaurants, e-commerce, farms, nonprofits, and other Canadian industries.
Getting started — what Nova Scotia clients can expect
A typical engagement with BOMCAS Canada begins with a phone call or contact form submission. We respond within one business day to schedule a 15–30 minute discovery conversation by phone or video. The discovery call covers your current tax situation, accounting history, prior accountant relationship (if any), pain points, and goals. There is no sales pitch and no obligation. If we are a fit, we provide a written engagement letter with a fixed fee and clear scope. If we are not a fit, we are happy to suggest other Canadian professionals who might be.
Once the engagement letter is signed, you e-sign the CRA authorization (RC59 for businesses or AUT-01 for individuals), and we onboard you to the encrypted client portal. From that point forward, the relationship is structured around predictable monthly deliverables: bookkeeping, sales tax filings, payroll, and year-end financial statements plus T2 corporate tax (for incorporated businesses) — with proactive tax planning conversations throughout the year.
Cities and communities we serve in Nova Scotia
Below are the major Nova Scotia cities with dedicated landing pages. BOMCAS Canada also serves towns, villages, and hamlets across Nova Scotia virtually.
Services available throughout Nova Scotia
Personal Income Tax (T1)
Accurate, optimized T1 personal tax returns for Canadian individuals, self-employed professionals, and families.
Learn more →Corporate Income Tax (T2)
Complete T2 corporate tax returns for Canadian-controlled private corporations, professional corporations, and holding companies.
Learn more →GST / HST Returns
Accurate GST and HST return preparation, registration, and CRA compliance for Canadian businesses of every size.
Learn more →Bookkeeping Services
Accurate, organized bookkeeping for Canadian small businesses, with GST/HST tracking, reconciliations, and management reports.
Learn more →Payroll Services
Canadian payroll processing, source deductions, CRA remittances, T4/T4A slips, ROEs, and provincial WCB compliance.
Learn more →Small Business Accounting
Complete small business accounting: monthly bookkeeping, GST/HST, payroll, financial statements, and corporate tax.
Learn more →Talk to a Canadian accountant serving Nova Scotia
Call 780-667-5250 or submit the contact form. We respond within one business day.