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 Food Bank Tax Credit for Farmers is a non-refundable income tax credit for individuals or corporations that carry on the business of farming and donate agricultural products to eligible food banks in Nova Scotia. Comments on Funding:The credit is 25% of the fair market value of the
Amount: $ 112,500 Type of Program:Tax Credit Description:The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal income tax credit available to eligible investors who invest in an approved corporation. The credit is meant to encourage investors to make equity capital investments in eligible Nova Scotia small and medium corporations engaged in innovative activities.
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Nova Scotia Digital Animation Tax Credit (DATC) is a refundable provincial corporate income tax credit for qualifying labor expenditures directly related to the development of eligible digital animation productions in Nova Scotia. This credit provides incentive for digital-animation productions that start key animation after June 30, 2015,
Amount: $ 30,000,000.00 Type of Program:Tax Credit Description:The Nova Scotia Capital Investment Tax Credit (CITC) is a 15% refundable corporate income tax credit claimed by eligible corporations for capital equipment acquired for use in Nova Scotia on or after January 1, 2015. The capital equipment must be acquired as part of an “approved project”.The CITC
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Digital Media Tax Credit is a refundable tax credit for costs directly related to the development of interactive digital media products in Nova Scotia. Comments on Funding:Funding will be the lesser of 50% of eligible Nova Scotia labor expenditures, or 25% of total expenditures made in Nova Scotia.A
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Nova Scotia R&D tax credit offers tax relief o Nova Scotia corporations that incur qualified scientific research and experimental development (SR&ED) expenditures made in Nova Scotia, as defined by the federal Income Tax Act. It is fully refundable at the rate of 15% of eligible expenditures. Comments
