Overview
- Nova Scotia will end its 1994 groundfish and 2018 general seafood licensing moratoriums, opening the sector to new entrants.
- The phased approach begins August 1, 2025, for most species, with lobster and snow crab licences available starting January 2, 2026.
- The move aims to diversify seafood products and markets, bolstering Nova Scotia's economy and seafood export industry, which accounted for 36% of exports in 2024.
- Applicants must be registered to do business in Nova Scotia and submit comprehensive business plans, but there are no residency or nationality restrictions on ownership.
- Fisheries Minister Kent Smith emphasized that strict regulatory conditions will remain in place to ensure accountability and compliance in the industry.