Political Contributions Tax Credit

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 Deadline

Eligibility:

No other details available.

Application Steps:

No specific steps have been identified.

Documentation Needed:

Applicants must:

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,
keep the official receipts in case they are asked for them later.

Other Things to Note:

Date modified: 2022-05-16 - Source 1
Page last updated 2019-08-12 - Source 2

Program Contact:

Nova Scotia political contribution tax credit

Nova Scotia Department of Finance - Donations and Gifts Tax Credit

Nova Scotia Small Business: Complete Guide for Entrepreneurs

How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs

Incorporating a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs

How to Register a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs