Nova Scotia capital investment tax credit
An eligible corporation must submit to the Department of Finance and Treasury Board of Nova Scotia:
- a Part A application for an eligibility certificate to find out if their project is eligible
- then, Part B applications for tax credit certificates after the end of each tax year in which qualified property is acquired
An eligible corporation can claim this tax credit on qualified property acquired before January 1, 2030, for use in Nova Scotia as part of an approved project that is more than $15 million in total cost.
The refundable credit equals 25% of the capital cost of qualified property. The maximum tax credit available for each approved project is $100 million across the duration of the project. For qualified property acquired before October 1, 2022, the rate was 15% and the amount $30 million.
The credit is available to corporations:
- mainly in the manufacturing and processing, farming, fishing, and logging sectors
- transporting freight, including satellites, by space vehicle into orbit
Claiming the credit
On line 568 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of the credit you are claiming.
If there is only one certificate, enter the certificate number on line 841 of Schedule 5.
If there is more than one certificate, complete Schedule 351, Additional Certificate Numbers for the Nova Scotia Capital Investment Tax Credit, and file it with your return.
Supporting documents – File the original or a copy of the tax credit certificate issued by the province with your return.
Forms and publications
Government partners
- Nova Scotia (provincial site)
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