🏠 | Nova Scotia | Nova Scotia Political Contributions Tax Credit

Nova Scotia Political Contributions Tax Credit

Maurice
By Maurice | May 1, 2025

Amount:

$750.00

Type:

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.

Deadline:

Rolling deadline

Eligibility:

No other details available.

Application Steps:

No specific steps have been identified.

Documentation Needed:

Applicants must:
1. enter the total amount of qualifying contributions on line 893 of Schedule 5, Tax Calculation Supplementary – Corporations, and the amount of the credit they are claiming on line 550,
2. keep the official receipts in case they are asked for them later.

Web Page:

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/provincial-territorial-corporation-tax/nova-scotia-provincial-corporation-tax/nova-scotia-political-contribution-tax-credit.html
Maurice

About the author

Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.