Using the equation for increased value, we have
\(\begin{align*} \text{Jan Population} &= \text{Oct Population}+(0.38\%~\text{of Oct Population}) \\ &= 998~832 + \left( \dfrac{0.38}{100} \times 998~832 \right) \\ &= 998~832 + \left( 0.0038 \times 998~832 \right) \\ &= 998~832 + 3795.5616 \\ &= 1~002~627.5616 \end{align*}\)
Since this number represents a population, we round up and determine that the population of Nova Scotia on January 1, 2022 is approximately \(1~002~628\).