Economy
Houston Government Delivers on Key Campaign Promises in Budget 2025
The Houston government is following through on many of its key campaign promises with Budget 2025, aimed at making life more affordable for Nova Scotians while strengthening the economy. From tax cuts to free hospital parking, the budget delivers significant savings and improvements for residents across the province.
Lower Taxes, More Savings
Budget 2025 includes more than $500 million in tax-saving measures, including a 1% reduction in the HST starting April 1, 2025. This move puts money back into the pockets of Nova Scotians while helping businesses grow. Additionally, the basic personal amount will increase from $8,744 to $11,744, and tax brackets will be indexed starting January 1, 2025. These changes are expected to save an average family over $1,000 per year.
Free Hospital Parking & Healthcare Investments
The government is making good on their promise to make healthcare more accessible by eliminating hospital parking fees for employees, patients, and visitors at Nova Scotia Health hospitals and the IWK. Additionally, the budget commits $26.9 million to deliver free shingles vaccines to seniors aged 65 and older, fulfilling another key campaign promise. Investments in major healthcare projects, including the Halifax Infirmary Expansion and Cape Breton health redevelopment, continue to be a top priority with $750.9 million allocated.
Cutting Costs and Raising Wages for Everyday Nova Scotians
Budget 2025 removes tolls from the Angus L. Macdonald Bridge and the A. Murray MacKay Bridge in Halifax, easing the financial burden on thousands of commuters. The minimum wage will also rise to $16.50 on October 1, 2025, following an initial increase to $15.70 in April.
Boosting Jobs & the Economy
The Houston government is delivering on its commitment to create good-paying jobs, investing $49.5 million into a $100 million plan to expand the skilled trades workforce. Additionally the PCs are investing $39 million to continue supporting the Nova Scotia film industry, met with open arms by members of the industry.
Investing in Housing
The Houston government continues, the budget dedicates $88 million toward building, renovating, and maintaining public housing—the first significant new public housing investment in over 20 years. A rebate on the provincial HST for new rental housing will also help spur construction.
A Government That Delivers
Premier Tim Houston campaigned on affordability, job creation, and healthcare improvements, and Budget 2025 demonstrates his government’s commitment to those priorities. With meaningful tax cuts, lower costs for families, and investments in healthcare and infrastructure, the budget sets a strong foundation for a more prosperous Nova Scotia.
Nova Scotia’s minimum wage increased to $16.75 per hour on April 1, fulfilling a commitment made by the Progressive Conservatives during the 2024 election campaign.
The increase is part of a broader plan to raise wages in a predictable way. A second increase is already scheduled for October 1, 2026, when the minimum wage will rise to $17 per hour. Both adjustments follow a formula set out in provincial regulations, tying increases to the consumer price index plus one per cent.
The previous minimum wage was $16.50 per hour. Since April 2021, the PC government has raised the minimum wage eight times—from $12.95—reflecting a steady upward trend across the province.
The increases are based on the unanimous recommendation of the Minimum Wage Review Committee, which includes representatives from both employees and employers.
In addition to raising the minimum wage, the provincial government points to a series of affordability measures aimed at supporting Nova Scotians and encouraging workforce participation.
These include cutting the HST and increasing the basic personal amount to $11,744 from $8,744—meaning every Nova Scotian can earn an additional $3,000 tax-free.
Other measures include making the Heating Assistance Rebate Program permanent at $400 annually, investing $1.7 billion through the government’s five-year housing plan, Our Homes, Action for Housing, increasing income assistance and indexing it to inflation, and expanding skills training and workforce development programs.
Nova Scotia’s small business community is showing renewed optimism, ranking second highest in the country for confidence, according to the latest Monthly Business Barometer released by the Canadian Federation of Independent Business (CFIB).
The March 2026 report highlights a notable shift in sentiment among small and medium-sized enterprises (SMEs), with Nova Scotia emerging as one of the strongest-performing provinces in Canada. The CFIB’s Business Barometer is a widely followed indicator that measures business owners’ expectations for their performance over the next 12 months, with scores above 50 indicating optimism.
Strong showing despite national dip
Nationally, small business confidence declined in March, with the long-term index falling to 55.8 and the short-term outlook also weakening.
However, Nova Scotia stood out as a bright spot, maintaining relatively strong confidence compared to most other provinces. Provincial trends showed that while many regions experienced declines, Nova Scotia saw stable or slightly improved sentiment, helping it secure a top-tier ranking nationwide.
Atlantic resilience
The Atlantic region continues to demonstrate resilience, with Nova Scotia’s performance reflecting a broader trend of cautious optimism among local entrepreneurs. Earlier in 2026, confidence levels in Nova Scotia were already among the stronger in Canada, with business sentiment climbing alongside provinces like Quebec and New Brunswick.
Outlook
While uncertainty remains in the broader economic environment, Nova Scotia’s strong ranking signals confidence in future growth and stability. As CFIB’s latest data shows, Nova Scotia’s entrepreneurs are not just weathering current challenges—they are positioning themselves as among the most optimistic in the country heading into the year ahead.
The landscape of affordable housing in Pictou is seeing a significant shift as construction begins on a new 27-unit development on Beeches Road, part of a broader provincial effort to increase long-term housing stability.
The announcement was made Friday by Marco MacLeod, MLA for Pictou West, on behalf of Housing Minister John White. The Beeches Road project, a partnership between the Province, the federal government, and the Tidal Bay Community Land Co-operative, aims to provide a mix of market-rate and permanently affordable homes.
More housing is on the way for Pictou, and more residents will soon have a place to call home.
— Tim Houston (@TimHoustonNS) March 21, 2026
Our government is proud to support the construction of a new 27-unit development on Beeches Road, including 11 homes that will remain affordable permanently, helping provide long-term… pic.twitter.com/cm7LH49X0w
Stability Through Affordability
Of the 27 units currently under construction, 11 are designated as permanently affordable. This unique structure ensures that these homes remain accessible for generations, rather than expiring after a set number of years.
“Each new home strengthens our community, and these 27 units are more than a construction project – they are future homes for people in Pictou,” said Pictou West MLA MacLeod. “By working with our partners, we’re helping to give people a home where they can build their lives, raise their families, and stay connected to the community they love.”
The financial breakdown for the Beeches Road development includes:
- Federal Government: $9.4 million via the Affordable Housing Fund.
- Province of Nova Scotia: $1.639 million via the Affordable Housing Development Program.
- Tidal Bay Community Land Co-operative: $390,958.
Rent for the affordable units is set at $785 for one-bedroom, $912 for two-bedroom, and $1,140 for three-bedroom units. Notably, these rates are inclusive of electricity, heat, hot water, laundry, and parking.
Stonehouse Manor
The announcement also highlighted the completion of Stonehouse Manor, a 132-year-old historic municipal building in downtown Pictou that has been repurposed into 15 residential units.
The conversion, which is already fully occupied, provides 10 affordable units. This project was made possible through a $1 million provincial contribution, $1.3 million from the federal government, and $237,350 from the Nova Scotia Co-operative Council.
The dual announcements represent a multi-million dollar investment aimed at addressing the diverse housing needs of the North Shore, blending historic preservation with modern new builds.
