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:$3,000,000 Type of Program:Loan Guarantee Description:The Fisheries Loan Guarantee Program supports the development of the province’s independent fish harvesting industry by providing a government guarantee on loans through local chartered banks for the construction or purchase of marine vessels and/or to purchase new engines and fishing equipment for the improvement, rebuilding or alteration of existing…
Amount:$300,000.00 Type of Program:Grants Description:The Agriculture Business Advancer program supports the adoption of new technologies, processes or specialized equipment for the purpose of business growth.Comments on Funding:Applicants are eligible for 30% funding assistance on total eligible project costs to a maximum of $300,000.No more than 100% of non-repayable funding can be received for any eligible…
Amount:No Fixed Amount Type of Program:Loan Description:The Fast Tracktor authorization is an equipment purchasing loan for Nova Scotia farmers requiring new or used equipment to sustain their operation. Comments on Funding:The applicant will pay interest and other fees, if applicable.The amortization will depend on the life expectancy of the equipment. Normally equipment amortizations wouldn’t exceed 10…
Amount:No Fixed Amount Type of Program:Loan Description:The Fixed Farm Mortgage is a fixed rate interest loan for Nova Scotia farmers which can be used for purchasing an operational farm or additional farm land, for construction of farm buildings for livestock housing or other construction projects such as: greenhouse facilities, milking parlors, silos, manure systems, land…
