Oil and Gas Important To Nova Scotia Economy

first_img NOTE TO EDITORS: Following is a feature release outliningfindings in The Economic Value of the Nova Scotia Ocean Sector, astudy prepared by Gardner Pinfold Consulting Economists, as theyrelate to the oil and gas industry. ECONOMIC DEVELOPMENT–Oil and Gas Important To Nova ScotiaEconomy A new study says the oil and gas sector was the leading oceanindustry contributor to Nova Scotia’s gross domestic product(GDP) between 1996 and 2001. The study, released Monday, April 11 and entitled The EconomicValue of the Nova Scotia Ocean Sector, found that oil and gas ledGDP activity, with $1.37 billion in direct and spin-off activityby 2001. That represents fully one-third of the economic activityin the ocean off Nova Scotia. From drillers, to engineers with an eye to the possibledevelopment of fields like Deep Panuke and Annapolis Basin, theindustry’s contribution to GDP has already benefited many NovaScotians directly in household income. The study’s authors, Gardner Pinfold Consulting Economists Ltd.,said the contribution of the oil and gas industry to householdincome increased seven-fold between 1995 and 1999, rising from$16 million during the early years of Cohasset-Panuke productionto approximately $180 million during the Sable Offshore EnergyProgram. The number of full-time offshore jobs jumped from 340 in 1995 to2,218 in 1999 but declined to 1,140 in 2001. The study does notcover the offshore beyond 2001. The authors note that althoughthe industry has softened recently, upswings and downswings areto be expected when it comes to oil and gas. “Nova Scotians are now growing used to seeing the cyclesassociated with the oil and gas industry,” said EconomicDevelopment Minister Ernest Fage. “This study reaffirms anoverall pattern that shows a strong industry capable of leadingthe economy.” He said many of the riches from the industry are still to come, asentiment shared by Nova Scotia’s Energy Minister, Cecil Clarke. “We know the offshore oil and gas sector is an importantcontributor to the Nova Scotia economy. The offshore revenuesagreement we recently signed with Ottawa means we’ll see an evenbigger share of the profits. We’re working hard to encourageexploration and development so we can maximize the benefits ofthis industry,” said Mr. Clarke. Experience elsewhere indicates there is reason for optimism. Theauthors predict that further commercial discoveries will lead todevelopments similar to the Sable Offshore Energy Program andresult in economic impacts of the same magnitude. The study is available on the website atwww.gov.ns.ca/econ/publications/oceanresources/ . -30-last_img read more

Atlantic Energy Ministers Launch Efficiency Awareness Campaign

first_imgA family of four can save up to $250 a year on their energy bills by installing a low flow shower head. That is just one of the energy reducing tips Atlantic Canadians can learn in the coming weeks as part of SAVE, a Shared Atlantic Vision for Energy Efficiency. SAVE, an awareness campaign, was launched today, March 8, by all four provincial energy ministers. “We want to provide useful information so Atlantic Canadians understand how they can reduce energy and save money,” said Nova Scotia Energy Minister Bill Dooks. “By working co-operatively with other provinces in Atlantic Canada, we can reach more people and increase the amount of energy conserved.” SAVE is about sharing information to help reduce energy use, power bills and greenhouse gas emissions, said Jamie Ballem, chair of the Atlantic Energy Ministers Forum and Minister of Environment, Energy and Forestry for Prince Edward Island. “We have seen in the last few years that energy prices are influenced by many complex factors beyond our borders and beyond our control — whether it’s the growing demand for fossil fuels in India and China, or Hurricane Katrina in the United States. Atlantic Canadians cannot do anything about those factors. But each of us does have the power to reduce our energy costs by using energy wisely,” said Mr. Ballem. The initial phase of the SAVE campaign, will feature a series of energy efficiency tips on radio, in newspapers and on cable television over the next few weeks. This phase of the campaign is sponsored by the Council of Atlantic Premiers with additional assistance from Efficiency NB/Efficacité NB and Maritime Electric Company Limited. “We are pleased that more people are interested in energy efficiency, and we feel many are hungry for more information on best practices,” said New Brunswick Energy Minister Brenda Fowlie. “Our first step is to generate some attention, to let people know that there are some simple things you can do that really have an impact.” As an example, Ms. Fowlie pointed out that turning down your thermostat when you are out of the house or sleeping can reduce your heating bill by up to 10 per cent. “Energy efficiency is a matter of everyday concern and it is in our hands to make a difference,” said Newfoundland and Labrador Natural Resources Minister Ed Byrne. “The government of Newfoundland and Labrador is committed to this promotional effort and I am confident that it will help citizens explore useful ways in which to reduce their overall energy consumption and tackle rising costs.”last_img read more

Traffic Advisory Cape Breton Regional Municipality

first_imgCAPE BRETON REGIONAL MUNICIPALITY: Trunk 22 Trunk 22, Louisbourg Highway from Highway 125, Sydney By-pass to Landry Crescent will have one lane closures for paving and repairs to guardrails from today, Sept. 12 to Wednesday, Oct. 31. Work takes place from 7 a.m. to 7:30 p.m. Local Area Office: 902-794-5120 Fax: 902-794-5141 -30-last_img

Nova Scotias Finance Minister to Take Time Off

first_imgFinance Minister Michael Baker announced today, Nov. 13, that he will take time off from his duties in cabinet for health reasons. Mr. Baker, who has undergone hip replacement surgery, plans to spend several weeks recovering from the procedure. During his absence Angus MacIsaac, deputy premier and Minister of Economic Development, will be acting Minister of Finance. Mr. Baker will continue to be the MLA for Lunenburg. -30-last_img

New Approach to Accommodations

first_imgThe province and tourism industry are working together to implement a new approach to ensure safe, quality accommodations for visitors to Nova Scotia. Bill Dooks, Minister of Tourism, Culture and Heritage, announced today, Nov. 27, that a bill will be tabled in the spring to repeal the Tourist Accommodations Act, which requires accommodations properties to be licensed. Instead, properties may be rated by nationally or internationally recognized quality programs or meet minimum quality standards established by the Tourism Industry Association of Nova Scotia (TIANS). “Our new approach ensures fairness for accommodations operators and ensures that all properties promoted in our marketing activities meet provincial safety requirements and industry standards for quality,” said Mr. Dooks. “This approach is simple, reduces red tape, gives operators choice and meets consumers’ needs. We are moving in this new direction in partnership with TIANS and I am confident it will be successful.” Once the act is repealed, licensing will end. There are two options for accommodations operators who choose to participate in provincial tourism marketing activities, such as the Doers and Dreamers Guide, the Check In Nova Scotia Reservation Service and novascotia.com. They can be rated by any of the recognized rating programs such as Canada Select or the Canadian Automobile Association. More than half of Nova Scotia’s licenced accommodation properties are members of recognized rating programs. Operators who choose not to have their properties rated can participate in an industry-led quality program. The association will work with the industry to develop and lead the program, which will include a set of minimum quality standards for accommodations properties. “TIANS is very pleased to see resolution on this issue and we believe that this solution will enable us to improve the quality of the tourism product,” said Susan Tilley-Russell, chair of the association. “By assuming responsibility, the industry can ensure minimum standards are meeting consumers’ needs and expectations — this is an innovative way to develop a world-class tourism destination. “Working in partnership with government allows us to create a competitive business environment.” All accommodations properties, even if they don’t participate in provincial marketing activities, are required to comply with federal, provincial and municipal legislation related to safety and operation of a business. “Replacing licensing with our new approach is in line with government’s Better Regulation initiative to improve the business climate in Nova Scotia,” said Mr. Dooks. “Making this move allows the department to focus on our mandate of promoting Nova Scotia as a tourism destination, and gives our industry the leadership role that it has said it wants to play to improve quality in our tourism product.” Mr. Dooks announced the new approach to more than 400 members of the tourism industry at the annual association Tourism Summit. He explained that government’s decision was made after a thorough review of the act and regulations that began in July 2006. The review included industry consultation, consumer research, a review of best practices in other provinces and consultation with other government departments. More information is available on the department’s website at www.gov.ns.ca/dtc .last_img read more

New School Review Process Begins

first_imgSchool review process changes that ensure extensive public consultation are now in effect. “The new school review process ensures that all voices are heard about a school’s future,” Education Minister Karen Casey said. “It also establishes a very public and thorough process that school boards must follow.” For example, a board must prepare a comprehensive impact assessment report that explains why a school should be under review. The report must include historical and projected enrolment data, population trends for the school area and an assessment of the school’s physical condition. The new process also extends the time frame of the review process to a year, requires public and school staff participation and sets out a mandatory timetable. A school review will begin no later than April 1 and a decision must be made by March 31 of the following year. Under the new process, the earliest a school identified for review would close is September 2009. Key deadlines in the school review process: For this year only, the deadline to identify schools for review has been extended to April 30. Some school-review processes were put on hold pending the results of the provincewide review and proclamation of the legislation. The schools now must be reviewed as part of the new process. The process is based on the recommendations of a review committee that looked into the school closures process last year. April 1: Board identifies which school(s) it wants to review for possible closure. May 31: Board prepares a comprehensive impact assessment report for each school identified for review. The report provides a comprehensive rationale that explains why the school is under review. This rationale conforms to standards prescribed by the regulations. June 15: A study committee is struck. Its members are defined in law to ensure public representation. June 30: Study committee meets for first time. Nov. 30: Study committee submits its response to the impact assessment report and its recommendation for the future of the school. Jan. 31: School board releases to public study committee report and recommendations. March 15: Board holds a public meeting to discuss the study committee report and recommendation. March 31: School board announces results of review.last_img read more

Nova Scotia IB Students Win 36 Million in Scholarships

first_imgWhen Carolann Mroz enrolled in the International Baccalaureate Diploma Program (IB) at Cole Harbour District High School two years ago, she was looking forward to being challenged personally and academically. She also wanted university recognition for excelling in one of world’s most respected pre-university high school diploma programs. The Grade 12 student was not disappointed. She won four individual scholarships, including the $36,000 President’s Scholarship to Saint Mary’s University — a first for Cole Harbour District High. “It has definitely been a rewarding experience,” said Ms. Mroz, one of 325 students graduating from Nova Scotia’s IB program this year. “IB really helped me reach my full potential and I have been rewarded for all the hard work I put into my education. “It has been amazing. I have ended up with huge scholarships that I didn’t even know existed before the program.” This year marks the largest group of graduates from Nova Scotia’s IB program with 13 high schools authorized to offer the program. In 2007, the Department of Education increased the number of schools offering the program from two to 12, representing one of the most aggressive expansions of International Baccalaureate Diploma programs in the world. École du Carrefour was added in 2008. Ms. Mroz, who will study engineering, is one of more than 230 IB graduates receiving almost $3.6 million in scholarships and bursaries this year. The awards range from entrance scholarships covering first-year tuition, to a $124,000 scholarship at the Ivy League Wharton School of Business at the University of Pennsylvania. “Our Nova Scotia IB graduates have done themselves, their teachers and their schools proud,” said John Messenger, the Department of Education’s head of the Provincial IB Diploma Program. “Nova Scotia’s IB graduates are clearly in demand by universities.” Canadian universities regularly offer IB graduates early acceptance, advanced standing and eligibility for special IB scholarships, as well as traditional university scholarships. IB credits earned at high school also count as credits toward a university degree. “IB students bring a focus and an intensity to their work that benefits the entire university community,” said Acadia University president Ray Ivany. “They possess leadership traits that not only enrich their own experience, but the experience of others, and that’s important to every university.” The International Baccalaureate Diploma Program is an internationally recognized, advanced liberal arts program designed for ambitious students in grades 11 and 12. The diploma emphasizes critical thinking and analysis, writing and oral communication, creativity, community service, sophisticated reading skills and an understanding of global issues.last_img read more

Le gala de remise des prix pour la création en NouvelleÉcosse met

first_imgLes membres de la communauté artistique et culturelle de la Nouvelle-Écosse sont invités à assister au cinquième gala annuel de remise des prix pour la création en Nouvelle-Écosse qui aura lieu le 29 octobre au Quai 21, à Halifax. Le gala, organisé par le Conseil de partenariat des arts et de la culture de la Nouvelle-Écosse, célébrera et mettra en vedette les accomplissements et les contributions des artistes de toute la province. Les lauréats seront dévoilés pour le Prix Grand-Pré, le Prix communautaire pour les arts, le Prix de mérite pour un artiste établi, le Prix Portia White et le prix de protégé. En plus de ces prix, le Prix du chef-d’œuvre de la lieutenante-gouverneure de la Nouvelle-Écosse sera présenté à l’un de cinq finalistes. Le gala de remise de prix pour la création en Nouvelle-Écosse vise à présenter et à renforcer le secteur de la culture, qui contribue plus de 1,2 milliard de dollars par année à l’économie provinciale et qui emploie directement plus de 28 000 Néo-Écossais. « La Nouvelle-Écosse compte de nombreux artistes doués et des organismes artistiques qui renforcent nos communautés et qui contribuent à améliorer la vie des familles, a dit Percy Paris, ministre du Tourisme, de la Culture et du Patrimoine. Il est important de célébrer leur excellence dans ce domaine et de reconnaître qu’ils font de notre province un meilleur endroit. » Des renseignements supplémentaires sur le gala de remise des prix pour la création en Nouvelle-Écosse de 2010, y compris la réservation de billets, les mises en candidature aux prix et les critères d’admissibilité, sont disponibles (en anglais seulement) sur le site www.creativenovascotia.com.last_img read more

Province Celebrates Excellence in Frenchlanguage Services

first_imgProvincial government employees are being recognized today, March 27, for outstanding contributions to programs and services in French at the Bonjour! Awards for Excellence in French-language Services in Halifax. This is the third year the Bonjour! Awards have recognized provincial government employees. Public servants are nominated by colleagues and the public. “The Bonjour! Awards are an opportunity to celebrate Nova Scotia’s Acadian and francophone culture,” said Acadian Affairs Minister Graham Steele, who presented the awards. “Congratulations and thank you to today’s award recipients.” Those recognized are: Mr. Burton is the regional co-ordinator of maintenance enforcement, at the Department of Justice in Kentville. He is being recognized for encouraging and helping employees to complete training in French-language legal terminology. His leadership ensures that Acadians and francophones have access to legal support services in their own language. The Acadian flag licence plate team at Service Nova Scotia and Municipal Relations developed and launched a licence plate celebrating Acadian heritage, based on consultation with the Acadian and francophone community about the plate’s design. A special fund called the Vive L’Acadie Community Support Fund was also created to distribute a donation fee collected with the plates to cultural projects in each purchaser’s community. Ms. Gillis is the main receptionist at the Department of Transportation and Infrastructure Renewal’s head office in Halifax. She ensures an active offer of French-language services by displaying Bonjour! visual identification program material in the reception area and by greeting people she knows or overhears speaking in French with a warm, friendly “Bonjour!” Nominations for the 2013 Bonjour! Awards for Excellence in French-language Services will be accepted in the fall. Richard Burton, for Excellence in Leadership The Acadian flag licence plate team, for Excellence in Program Development Heather-Anne Gillis, for Excellence in Service Delivery to the Public last_img read more

Small Business Tax Rate Dropped Again

first_imgThe province is putting another $10 million back into the hands of small businesses, with the third tax rate reduction in as many years. Finance Minister Graham Steele announced today, April 2, that Budget 2012 will lower the corporate income tax rate for small business half a percentage point to 3.5 per cent. The announcement took place at the Mahone Bay Trading Company’s Halifax Historic Properties store. “We took a tax rate that hadn’t changed in 20 years, and lowered it three years in a row,” said Mr. Steele. “Supporting entrepreneurs across Nova Scotia will help boost our economy and help the small business community continue to grow.” This reduction, which will go into effect on Jan. 1, 2013, will save small businesses $10 million in the 2013 tax year. “Tax reductions will always be welcome news to small businesses, who want to maintain and create jobs for Nova Scotians,” said Leanne Hachey, vice-president Atlantic for the Canadian Federation of Independent Business. “Those that work with the small business community know savings will be funneled right back to those businesses and in communities throughout the province.” The small business tax rate, which was five per cent in 2010, was lowered half a percentage point in both 2011 and 2012. The combined impact of the rate decreases will save small businesses an additional $30 million annually by 2013-14. Small businesses are eligible for the reduced rate on the first $400,000 of taxable income, if they are a Canadian Controlled Private Corporation with taxable capital of $10 million or less. The province is encouraging unincorporated small business owners to take advantage of this lowered tax rate by incorporating their small businesses. This tax reduction is in line with the government’s jobsHere plan to create good jobs and grow the economy.last_img read more

Applications for 2013 Moose Hunt Now Open

first_imgMoose hunters in Nova Scotia will have additional choices for hunting times in the non-motorized moose hunt in the Polletts Cove-Aspy Fault Wilderness area of Cape Breton, with the addition of two new one-week seasons in late October and early November. “Moose hunting in Cape Breton is popular and allows for good management of the moose population,” said Natural Resources Minister Charlie Parker. “The annual moose draw provides a simple, fair way to manage the number of selected hunters per zone.” Every year hunters have an opportunity to apply for a chance to harvest a Cape Breton moose by submitting applications for the annual moose hunting licence lottery. Selected hunters can participate in one of seven hunting seasons. There are five moose management zones within Victoria and Inverness counties, the only counties in the province where moose hunting is permitted. Last year about 11,000 applicants entered the draw. A total of 345 licences will be available again this year. Hunters applying for the draw must pick the zone and season they want to hunt in before they apply. There are two types of moose hunting available. Hunting using motorized vehicles to access and remove moose will be permitted in seasons one and two, in zones one to four and in season seven, in zone one. A non-motorized moose hunt is available in seasons one to six, in zone five. Motorized vehicles are prohibited in zone five. Hunters can apply to either or both hunts. If one name is drawn for both, the hunter must choose one. The hunting zones are described online at www.gov.ns.ca/natr/draws/moosedraw. The first six moose hunting seasons will run consecutively, Monday to Saturday, beginning Sept. 30. The seventh season will take place Dec. 10-12. The Department of Natural Resources is now accepting applications. The deadline is Friday, May 31 at midnight. For $7.83, plus HST, people can apply online at www.gov.ns.ca/natr/draws/moosedraw. Hunters can also apply by calling 1-900-565-3337. They must have their Wildlife Resources Card number available and call from a landline, not a cellphone. The application fee will be charged to the phone. Applications can also be made by mail with a fee of $13.05, HST included, to Moose Draw, Wildlife Division, Department of Natural Resources, 136 Exhibition St., Kentville, N.S., B4N 4E5. The draw will be held at 11 a.m., Tuesday, June 25, at the Port Hawkesbury Civic Centre and may also be viewed by live webcast via the Nova Scotia Federation of Anglers and Hunters website www.nsfah.ca. Winners will be notified by mail and their names will be announced at the draw. Applicants can also check draw results online or by calling a local Department of Natural Resources office. More information on the moose hunt is available at Department of Natural Resources offices and online at www.gov.ns.ca/natr/draws/moosedraw/.last_img read more

Nova Scotians Encouraged to Get Flu Shot

first_imgNova Scotians have more ways to get the flu shot this year to help protect themselves and others from influenza. The flu shot is free for all Nova Scotians. Starting this year, it is available from most pharmacists. It continues to be available from family doctors, family practice nurses, nurse practitioners, and clinics offered by Public Health Services and some workplaces. “Immunization is a safe, simple, and effective way to protect yourself, your family, and others against the flu,” said Dr. Frank Atherton, Nova Scotia’s deputy chief medical officer of health. “We’re pleased to have pharmacists joining family doctors, nurses and others to make it even easier for Nova Scotians to get the flu shot.” While the vaccine is recommended for all Nova Scotians, it is especially important for people at high risk of complications including seniors, children age six months to five years, Aboriginal people, pregnant women and anyone with chronic medical conditions such as heart disease, asthma and diabetes. This also includes those who live with, or care for, people in high risk groups. Flu symptoms often include sudden high fever, headache, general aches and pains, fatigue and weakness, a runny, stuffy nose, sneezing and sore throat, but can lead to more severe illness such as pneumonia or even death. “Getting vaccinated is the single most effective way to prevent the flu,” said Health and Wellness deputy minister Kevin McNamara. “Not only does it keep Nova Scotians healthy, it also reduces the number of people going to doctors and emergency departments.” Proper hygiene, such as handwashing and covering the nose and mouth when coughing or sneezing, is also important to prevent the spread of influenza and many other infections. People with flu symptoms should stay home and minimize close contact with others. If they have questions, they can call 811 and speak to a registered nurse. For more information on the flu, visit www.gov.ns.ca/flu.last_img read more

Government Releases COMFIT Final Report

first_imgGovernment released the results of its review on the Community Feed-in Tariff (COMFIT) program today, Nov. 6. “The COMFIT program exceeded expectations in terms of both community investment and renewable energy generation, but was beginning to impact power rates,” said Energy Minister Michel Samson. “This report outlines the findings of the department’s review and what led to the decision to end COMFIT in August.” Since August, the department has issued 49 decisions on new applications and project extensions. In total, the minister approved eight requests for extension and one new application. A further 37 applications and three extension requests were not approved, representing more than 100 megawatts of electricity. The approved application is for a 50 kilowatt small wind project led by the Municipality of the District of Digby. A full list of projects can be found at http://energy.novascotia.ca/renewables/programs-and-projects/comfit. Since the launch of COMFIT, more than 121 project approvals have been issued, representing about 220 megawatts of capacity. By the end of this year, Nova Scotia will have more than 125 megawatts of community-generated renewable energy as part of its electricity supply. COMFIT was established in 2010 with a goal of bringing 100 megawatts of renewable electricity to the grid. The program was designed to encourage the development of local renewable energy projects by municipalities, First Nations, co-operatives, not-for-profit groups and others. To read the full review report, visit http://energy.novascotia.ca/sites/default/files/COMFIT%20Review.pdf.last_img read more

Financement pour lamélioration des installations communautaires au CapBreton

first_imgLe gouvernement contribue à la croissance des collectivités par des investissements pour la mise à niveau des installations communautaires à l’échelle de la province. Michel Samson, ministre de l’Énergie, au nom de Tony Ince, ministre des Communautés, de la Culture et du Patrimoine, a annoncé aujourd’hui 29 juillet une subvention pour un projet dans le comté de Richmond, dans le cadre du Programme d’amélioration des installations communautaires. « Les établissements tels que les salles paroissiales ou les centres communautaires sont souvent au cœur des collectivités, affirme M. Samson. Ces investissements permettront aux gens et aux familles de profiter pleinement de ce que leurs collectivités ont à leur offrir. » La société D’Escousse Civic Improvement Society recevra une subvention de 28 653 $ pour des rénovations à la cuisine et aux toilettes du centre, ce qui permettra de renforcer la participation communautaire. Dans le cadre de ce programme, le gouvernement investira plus d’un million de dollars dans la mise à niveau de 48 installations à l’échelle de la province. « Je remercie le ministre Samson, le ministre Ince, le ministère des Communautés, de la Culture et du Patrimoine et le gouvernement provincial pour avoir renforcé l’importance des centres communautaires dans les régions rurales, et pour leur aide continue dans le développement et la durabilité de ces organismes, déclare Marcel Boudreau, vice-président de la société D’Escousse Civic Improvement Society. La mise à niveau de l’infrastructure, qui est possible grâce à des initiatives comme le Programme d’amélioration des installations communautaire, facilite le travail d’innombrables bénévoles, qui offrent une aide inestimable à leurs collectivités. » Les subventions aident les groupes communautaires et autres organismes à but non lucratif à maintenir des installations qui rassemblent les communautés. Elles permettent de bâtir, d’agrandir et d’améliorer la fonction des installations communautaires existantes, ce qui contribue à la croissance de l’économie locale.last_img read more

201617 Annual Report Available

first_img For more information on NSBI corporate reports, including NSBI’s 2016-2017 Annual Report and the 2016-2017 write-off listings, visit: www.novascotiabusiness.com/corporatereportsandplans 26 NSBI clients became new exporters in 2016-17. Fourteen of these were from the oceans, information communications technology (ICT), and seafood and agri-food sectors client-reported export sales saw a 30.5 per cent increase across all sectors, and in the high-potential clusters of oceans, ICT, and seafood and agri-food, this number jumped to 40.1 per cent NSBI’s focus on attracting innovative, globally competitive, exporting companies to locate in Nova Scotia, resulted in 15 foreign direct investment (FDI) transactions. Rural representation of FDI transactions, outside of Halifax, increased by 25 per cent in 2016-17 there was a 36.6 per cent decrease in capital investment among NSBI clients. A new tool to address capital investment is planned for 2017-2018 there was an increase in activity in the Nova Scotia Film and Television Production Incentive Fund with 37 approved productions, 22 more than the previous year. Nova Scotia Business Inc. (NSBI) released its 15th annual report today, July 27, covering the fiscal period from April 1, 2016, to March 31, 2017. “NSBI works with companies helping them become successful exporters, and we attract sustainable investment into our province,” said Laurel Broten, NSBI president and CEO. “When businesses succeed in Nova Scotia, we know that we all win. “Together with our clients, this past year has brought successes, learning experiences, new challenges, and we are committed to building on strengths and doing the work that needs to be done.” The 2016-17 annual report measures goals against NSBI’s 2016-17 business plan and includes financial statements audited by an independent third party in accordance with Canadian auditing standards. Looking back, 2016-2017:last_img read more

Payroll Rebate Approved

first_img Quick facts: Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for technology hardware firm Nautics Technical Surveillance Corporation. Nautics specializes in the development of robust and innovative technologies which serve to meet the unique challenges of covert technical surveillance and tracking of equipment. Its products serve law enforcement, government, military and global intelligence markets. By establishing operations in Halifax, the company has the potential to create up to a maximum of 28 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $6,090,000 in salaries. It is also estimated the new employees would contribute provincial tax revenues of $715,000 through their income and consumption taxes. As a result, Nautics would earn a rebate up to $426,300 over five years. Nautics would be eligible for a smaller rebate if it creates fewer than 28 new jobs. Information on NSBI transactions can be found at www.novascotiabusiness.com/fundingdisclosures. -30-center_img payroll rebates are designed in a way that the tax revenue generated for the province by the new jobs in Nova Scotia is always more than the amount of the rebate payroll rebates are only paid after a business has generated actual payroll for the Nova Scotia economy for every dollar a company spends on the new jobs it receives between five and 10 cents back when a company submits an annual rebate claim, it must send NSBI audited information that confirms the number of jobs it created that year payroll rebates are paid through the Strategic Investment Fundlast_img read more

Innovations Win Open Data Contest

first_imgSeventeen teams spent the weekend building apps, models and other innovations as part of the province’s second annual open data contest at Dalhousie University in Halifax. The top prize was awarded to Daniel Arantes, Rodolfo Garcia, Mohannad Hameed, Jennifer LaPlante and Duane Malone for using immigration and population data to build an app helping immigrants to Nova Scotia find communities and networks based on their interests. Cory MacRae and Priyanka Kochhar earned second place for their analysis of long-term care in Nova Scotia using census and waitlist data. Third place went to Ryan Gorringe, Keara Leibovitz and Yuanyuan Shi who analyzed groundwater and climate change data to predict severity of flood seasons across Nova Scotia. Teams voted for their favorite innovation and selected Chris Adams’ app determining how road closures affect traffic patterns to receive the People’s Choice Award. The app uses boundary and road network data to create an interactive, visual tool. The team of Benjamin DeLong and Stewart Rand received honourable mention for their app created using Crown land, wildlife management and hunting license vendor data to show hunters what game can be hunted when and where. Internal Services Minister Patricia Arab congratulated the teams for using data from Nova Scotia’s open data portal to create opportunities or tackle problems in new and interesting ways. “Data in the hands of curious and creative people spurs innovation – and that benefits everyone,” said Ms. Arab. “The teams went above and beyond when we asked them to show us what was possible. I am impressed by the products and solutions created using open data.” The portal has been continually updated since it was launched in 2016. There are more than 670 data collections and views publicly available, including some information previously only available for a fee. The data is in easy-to-work-with formats so everyone can use and share it to discover something new. The website is data.novascotia.ca .last_img read more

Issue of steep air fares raised in Lok Sabha

first_imgNew Delhi: Members of the opposition in the Lok Sabha Thursday flagged the issue of steep air fares especially during natural calamities like cyclones and riots. Raising the issue during the Question Hour, BJD MP Pinaki Misra said during the Jat riots in Haryana in 2016, the Delhi-Chandigarh fare shot up to Rs 90,000. The same was the case when Cyclone Fani hit Odisha last month. Civil Aviation Minister Hardeep Singh Puri said airlines set their fares in different segments. Opposition members, including those from the Congress, TMC and DMK protested over the reply of the minister. “Are you trying to justifying predatory pricing?” members said continuing their protest. The minister, in response, said he be allowed to complete his answer, which could satisfy queries of members. The din, however, continued.last_img

GST collections sluggish dip below 1 lakh crore mark in June

first_imgNew Delhi: In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs 99,939 crore, down from over Rs 1 lakh crore in the previous month, the finance ministry said Monday. While the GST collections in June were lower than Rs 1,00,289 crore in May, they were higher than Rs 95,610 crore receipts in the same month of the previous year. The collections comprise of receipts by both the centre and state governments of GST, which had two years back amalgamated 17 different indirect tax levies. Also Read – Maruti cuts production for 8th straight month in Sep”The total gross GST revenue collected in the month of June, 2019 is Rs 99,939 crore of which Central-GST is Rs 18,366 crore, State-GST is Rs 25,343 crore, Integrated-GST is Rs 47,772 crore (including Rs 21,980 crore collected on imports) and cess is Rs 8,457 crore (including Rs 876 crore collected on imports),” the ministry said in a statement. Two years after the landmark goods and services tax (GST) amalgamated 17 different central and state levies, returns filing under the new indirect tax regime continues to be wobbly with filings showing spikes every three months but continue to be less than desired, data analysis showed. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsAlso, compliance in filing summary sales return GSTR-3B has not improved much since July 2017, as businesses continue to file it after the monthly due date, with compliance averaging at around 60 per cent. Analysis of data released by Goods and Services Tax Network (GSTN) showed that while on an average, 50 per cent of the registered taxpayers filed GSTR-3B within due date in July 2017, the number increased to around 85 per cent as on June 23, 2019. Similarly, 65 per cent of taxpayers filed within due date in July 2018, a total of 85 per cent of the eligible taxpayers have filed it as on June 23, 2019. Similar trend continued in April, with less than 60 per cent of eligible taxpayers filing returns within due date, and the total number of GSTR-3B filed increased to nearly 80 per cent as on June 23, 2019. While businesses have to file GSTR-3B by the 20th day of the succeeding month, GSTR-1 has to be filed by the 10th day. According to GST laws, the fee for late filing of the returns is Rs 25 per day for Central GST (CGST) and an equal amount under State GST (SGST). However, those businesses who have to file returns but have ‘nil’ tax liability would have to pay a fine of Rs 10 under CGST law, and an equal amount under SGST law. An analysis of GSTR-1 filing trend showed that final sales return filed by businesses spiked every quarter, reflecting that composition scheme dealers and small businesses file their returns. However, there is still a huge divergence in the number of businesses who are eligible to file GSTR-1 and those who actually file it. The data showed that while a little over 1 crore businesses were eligible to file GSTR-1 as of March 2019, only a little over 65 lakh have actually filed it. Similarly for December 2018, while about 1 crore businesses were required to file GSTR-1, about 75 lakh have filed it till June 23, 2019. In the current financial year, while around 55 lakh businesses were eligible to file GSTR-1, about 25 lakh and 20 lakh businesses have filed the return in April and May, respectively. The new indirect tax regime was rolled out on July 1, 2017. From just 38.51 lakh businesses registered under GST then, the number has gone up to a whopping over 1.22 crore.last_img read more