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You are here: Home / Featured / An obscure shift in Securities regulations will cost Nova Scotia down the road

An obscure shift in Securities regulations will cost Nova Scotia down the road

A $77.1 million windfall helps balance the books in this year's provincial budget. That's the amount the federal government is paying Nova Scotia as incentive to disband the provincial Security Commission and join a national securities regulator. But that one-time payment comes at the cost of $15 million in revenue generated by the provincial commission annually, year after year. Because of the change, the province will be a net loser in just five years.

April 16, 2018 By Jennifer Henderson

A scan of the provincial government’s Budget Estimates suggests the claim of a balanced budget and $29 million surplus is dependent on two future events. The first is $20 million collected from the tax on cannabis sales which has been delayed until late summer — has been dutifully noted. The second — a “one- time…

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Filed Under: Featured, News, Province House, Subscribers only Tagged With: $77 million windfall, Bill Black, Brian Taylor, Nova Scotia Finance Department, NS Securities Commission, provincial government’s Budget Estimates, Tim Houston

About Jennifer Henderson

Jennifer Henderson is a freelance journalist and retired CBC News reporter. email: [email protected]

The Tideline, with Tara Thorne

Brian Borcherdt. Photo: Anna Edwards-Borcherdt

Brian Borcherdt came of age in Yarmouth in the 1990s. When he arrived in Halifax, the city’s famous music scene was already waning, and worse, the music he made was rejected by the cool kids anyway. After decades away from Nova Scotia, he and his young family have settled in the Annapolis Valley, where he’ll zoom in to chat with Tara about his band Holy Fuck’s endlessly delayed tour, creating the Dependent Music collective, and the freedom and excitement of the improvised music he’s making now. Plus: Bringing events back in 2021.

The Tideline is advertising-free and subscriber-supported. It’s also a very good deal at just $5 a month. Click here to support The Tideline.

Uncover: Dead Wrong

In 1995, Brenda Way was brutally murdered behind a Dartmouth apartment building. In 1999, Glen Assoun was found guilty of the murder. He served 17 years in prison, but steadfastly maintained his innocence. In 2019, Glen Assoun was fully exonerated.

Halifax Examiner founder and investigative journalist Tim Bousquet has followed the story of Glen Assoun's wrongful conviction for over five years. Now, Bousquet tells that story as host of Season 7 of the CBC podcast series Uncover: Dead Wrong.

Click here to go to listen to the podcast, or search for CBC Uncover on Apple podcasts, Spotify, or any other podcast aggregator.

About the Halifax Examiner

Examiner folk The Halifax Examiner was founded by investigative reporter Tim Bousquet, and now includes a growing collection of writers, contributors, and staff. Left to right: Joan Baxter, Stephen Kimber, Linda Pannozzo, Erica Butler, Jennifer Henderson, Iris the Amazing, Tim Bousquet, Evelyn C. White, El Jones, Philip Moscovitch More about the Examiner.

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