Atlantic Canada Business Grants

Political campaign financing

Political Contributions Tax Credit

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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

Political Contributions Tax Credit

by |

Amount:

$500

Type of Program:

Tax Credit

Description:

The Political Contributions Tax Credit is a non-refundable tax credit on contributions made to registered political parties, registered district associations or registered non-affiliated candidates.

Comments on Funding:

The Political Contribution Tax Credit is equal to the lesser of $500 or the sum of:

  • $75% of the total contribution amount if the total amount does not exceed $100,
  • $75 plus 50% of the contribution amount by which the total amount exceeds $100 if the total amount exceeds $100 and does not exceed $550, or
  • $300 plus 33 1/3% of the contribution amount by which the total amount exceeds $550 if the total amount exceeds $550.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

Application Steps:

1

Applicants must file the corporation’s T2 Corporation Income Tax Return together with the official receipts for political contributions.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Political Contributions Tax Credit