This consolidation is unofficial and is for reference only.

For the official version of the regulations, consult the original documents on file with the Office of the Registrar of Regulations , or refer to the Royal Gazette

Part II .

Regulations are amended frequently.

Please check the list of Regulations by Act to see if there are any recent amendments to these regulations filed with our office that are not yet included in this consolidation.

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Personal Income Tax Indexation Regulations

made under subsection 80(1) of the

Income Tax Act

R.S.N.S. 1989, c. 217

O.I.C. 2024-326 (effective August 22, 2024), N.S. Reg. 184/2024

Table of Contents

Please note: this table of contents is provided for convenience of reference and does not form part of the regulations.

Click here to go to the text of the regulations .

Citation

Definition

Consumer price index amount

Citation

1 These regulations may be cited as the Personal Income Tax Indexation Regulations .

Definition

2 In these regulations, “Act” means the Income Tax Act .

Consumer price index amount

(1) For the purposes of clause 22A(2)(

b) of the Act, the consumer price index amount

is 1 of the following:

(

a) if approved by the Governor in Council, the amount determined by the

following formula:

A ÷ B - 1

in which

A= the consumer price index for the 12-month period ending August 31

before the taxation year

B = the consumer price index for the 12-month period preceding the

period described in “A”;

(

b) an amount determined by the Governor in Council.

(2) If the formula in clause (1)(

a) results in a negative number, the result is deemed to

be nil.

(3) The consumer price index for any 12-month period is determined by calculating

the sum of the all-items consumer price indices, not seasonally adjusted, for each

month in the period, dividing the sum by 12, and rounding the result to the nearest

one-thousandth, or if equidistant, rounding to the higher one-thousandth.

Legislative History

Reference Tables

Personal Income Tax Indexation Regulations

N.S. Reg.

184/2024

Income Tax Act

Note: The

information in these tables does not form part of the regulations and is

compiled by the Office of the Registrar of Regulations for reference only.

Source Law

The current consolidation of the Personal Income Tax Indexation Regulations made

under the Income Tax Act includes all of the following regulations:

N.S.

Regulation

In force

date*

How in force

Royal Gazette

Part II Issue

184/2024

Aug 22, 2024

date specified

Sep 6, 2024

The following regulations are not

yet in force and are not included in the current consolidation:

N.S.

Regulation

In force

date*

How in force

Royal Gazette

Part II Issue

*See subsection 3(6) of the Regulations Act for

rules about in force dates of regulations.

Amendments by Provision

ad. = added

am. = amended

fc. = fee change

ra. = reassigned

rep. = repealed

rs . = repealed and substituted

Provision affected

How affected

..........................................................

Note that changes to headings are not

included in the above table.

Editorial Notes and Corrections

Note

Effective

date

Repealed and Superseded

N.S.

Regulation

Title

In force

date

Repealed

date

Note: Only

regulations that are specifically repealed and replaced appear in this

table. It may not reflect the entire

history of regulations on this subject matter.