Amount:No Fixed Amount Type of Program:Tax Credit Description:Nova Scotia corporate tax reduction for new small businesses is a tax reduction that applies to the first three tax years of an eligible corporation.Comments on Funding:New small businesses have their first three years income tax reduced. The tax reduction is based on the portion of an eligible…
Amount:$750.00 Type of Program:Tax Credit Description:The Political Contributions Tax Credit can be claimed by individuals or corporation on the contributions made to candidates and recognized parties, as defined under the Nova Scotia Elections Act. Comments on Funding:The annual amount of the credit is the lesser of 75% of the contributions and $750. When It Ends:Ongoing Deadline:Rolling…
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Enriched Investment Tax Credit adds to the existing PEI Investment Tax Credit of 10%. It is applied to certain capital investments by manufacturing and processing companies. An enriched tax rebate for an additional 25% tax credit will be available for manufacturing and processing companies that invest in…
Amount:$5,000,000.00 Type of Program:Tax Credit Description:The Film and Video Tax Credit is a refundable provincial corporate income tax credit and is provided for eligible local film projects at a rate of 40% of eligible local labor costs, but may not exceed 25% of production costs.Comments on Funding:Funding is 40% of eligible local labor costs, but…
Amount:$75,000 Type of Program:Tax Credit Description:The Venture Capital Tax Credit Program (VCTC) is a provincial non-refundable tax credit available for both individual and corporate investors, but not trusts, equal to 30% of the amount invested in the qualifying venture capital fund (QVCF) through the purchase of limited partnership units or newly issued shares.Comments on Funding:Funding…
