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EXHIBIT 31

CERTIFICATIONS

I, Jeffrey C. Heath, certify that:

| | 1. | I have reviewed this report on Form 10-K of Scotiabank Covered Bond Guarantor Limited Partnership (the “Exchange Act
periodic reports”);
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| | 2. | Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;
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| | 3. | Based on my knowledge and the Servicer Compliance Statement required in this report under Item 1123 of Regulation AB, and except
as disclosed in the Exchange Act periodic reports, the Servicer and the Cash Manager have fulfilled their obligations under the
Servicing Agreement and the Cash Management Agreement in all material respects; and
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| | 4. | All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation
reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report
in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this
report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been
disclosed in this report on Form 10-K.
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January 29, 2015

| | /s/ Jeffrey C. Heath                                         
| | -------------------------------------------------------------
| | Jeffrey C. Heath                                             
| | Executive Vice-President and Group Treasurer                 
| | (senior officer in charge of securitization of the depositor)