No Fixed Amount
Type of Program:
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 corporation's taxable income earned in the year in Nova Scotia.
When It Ends:
Applicants must apply annually to the Nova Scotia Minister of Finance and Treasury Board for a certificate of eligibility and must do so within three years of the tax year-end for which they are claiming the reduction.
The applicant must: