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: $ 112,500 Type of Program:Tax Credit Description:The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal and corporate income tax credit available to eligible investors who invest in an approved corporation. The credit is meant to encourage investors to make equity capital investments in eligible Nova Scotia small and medium corporations engaged in…
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Nova Scotia Digital Animation Tax Credit (DATC) is a refundable provincial corporate income tax credit which provides incentive for digital-animation productions that start key animation before January 1, 2026.Comments on Funding:The DATC is the sum of the: 150% of qualifying expenditures deducted by total assistance,217.5% of eligible…
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Digital Media Tax Credit is a refundable tax credit for costs directly related to the development of interactive digital media products in Nova Scotia.Comments on Funding:Funding will be the lesser of 50% of qualifying expenditures, or 25% of total expenditures made in Nova Scotia.A 10% geographic area…
Amount:No Fixed Amount Type of Program:Tax Credit Description:The Food Bank Tax Credit for Farmers is a non-refundable income tax credit for individuals or corporations that carry on the business of farming and donate agricultural products to eligible food banks in Nova Scotia. Comments on Funding:The credit is 25% of the fair market value of the…
