Tories vow tax cut for small business

Last Updated: Friday, May 8, 2009 | 11:46 AM ET

The Canadian Press

Nova Scotia's Progressive Conservative party said it will follow through on a budget measure to cut the tax rate for small business in half by 2013.

Campaigning Friday at a bakery in Bedford for the June 9 election, PC Leader Rodney MacDonald is promising to cut the tax rate from five to 2.5 per cent by 2013.

The tax cut was originally part of the budget introduced by MacDonald's minority government on Monday before the Tories were defeated in the legislature on a separate financial bill.

The Tories estimate the tax cut would save small business between $25 million and $30 million a year and that 12,000 businesses would benefit from the tax cut.

The Tories are promising to start reducing the tax in 2011, when the rate would be cut to four per cent.

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Overall Results

Overall Election Results
Party	Elected	Leading	Total	Vote Share (%)
Updated: Jun. 9, 2009, 10:11 PM ADT
NDP	31	0	31	45.26
LIB	11	0	11	27.22
PC	10	0	10	24.52
GRN	0	0	0	2.33
IND	0	0	0	0.67

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All results are unofficial until final ballot counts are verified by Elections Nova Scotia.

Nova Scotia Votes Headlines

Dexter to present budget in early fall: The day after his party's historic win, Nova Scotia NDP Leader Darrell Dexter said it will be early fall before his government will be able to present a budget in the legislature.
N.S. voter turnout 59 per cent: preliminary count: Voter turnout was 59 per cent Tuesday among Nova Scotians who were registered prior to the provincial election, an Elections Nova Scotia spokesman said Wednesday.
Michael tips hat to Dexter on NDP win in N.S.: Newfoundland and Labrador's New Democratic Party leader has sent a congratulatory message to Nova Scotia premier-designate Darrell Dexter, following Tuesday night's resounding win in that province's election.
N.S. voters elect 1st NDP government: Nova Scotia has its first NDP government — and a majority government at that — ending a decade of rule by the Progressive Conservatives, who have been reduced to third-party status.
MacDonald's Tories turfed by disenchanted voters: Nova Scotia voters refused to give the Progressive Conservatives a fourth straight mandate in Tuesday's provincial election.

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