Nova Scotia Capital Investment Tax Credit

Q: How much funding can be received?

Nova Scotia Capital Investment Tax Credit Funds up to 25% of admissible expenses, capped at $100000000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Nova Scotia Capital Investment Tax Credit a grant, loan, or tax credit?

Nova Scotia Capital Investment Tax Credit is a Tax Credits

Q: Who are the financial supporters of the Nova Scotia Capital Investment Tax Credit?

Nova Scotia Capital Investment Tax Credit is funded by Government of Nova Scotia

Q: Who is eligible for the Nova Scotia Capital Investment Tax Credit program?

To be eligible for the Nova Scotia Capital Investment Tax Credit program, you must: • Corporation must be incorporated under Canadian federal or provincial law and taxable in Canada. • Must have a permanent establishment in Nova Scotia. • Principal activity must not fall within certain excluded NAICS industry groups (e.g., oil and gas, construction, retail trade).

Q: Who can I contact for more information about the Nova Scotia Capital Investment Tax Credit?

You can contact Government of Nova Scotia.

Q: Where is the Nova Scotia Capital Investment Tax Credit available?

The Nova Scotia Capital Investment Tax Credit program is available the province of NS.

Last Update: July 22, 2025

NS, Canada

Refundable corporate tax credit for qualifying Nova Scotia investments

At a glance

Eligible Funding

From $5,000,000 to $100,000,000
Up to 25% of project cost

Timeline

Unspecified

Financing Type

Tax Credits

Eligible Industries

Agriculture, forestry, fishing and hunting
Manufacturing

Funds Providers

Unspecified

Program status

Open

Overview

The Nova Scotia Capital Investment Tax Credit is a refundable corporate tax credit providing up to $100 million per approved project, supporting capital investments in qualified property for use within the province. The program aims to stimulate economic growth by funding projects in sectors such as manufacturing, processing, fishing, farming, logging, grain storage, and peat harvesting.

Financing terms and conditions

Refundable tax credit calculated as a percentage of the capital cost of qualified property acquired for use in Nova Scotia.
For property acquired before October 1, 2022: 15% tax credit, with a maximum of $30 million per approved project.
For property acquired on or after October 1, 2022: 25% tax credit, with a maximum of $100 million per approved project.
The tax credit amount is reduced by related government assistance received for the property.

Activities funded

Establishing or expanding manufacturing operations in Nova Scotia.
Investing in processing facilities within the province.
Developing projects in the sectors of fishing, farming, logging, grain storage, or peat harvesting.

Examples of admissible projects:

$ 20,000

Retrofitting small bakery to reduce waste and improve accessibility

$ 60,000

Installing solar panels on shared community arts centre rooftop

$ 60,000

Expanding childcare centre with new inclusive outdoor playground

$ 320,000

Launching fleet of refrigerated electric delivery vehicles for groceries

$ 120,000

Upgrading packaging facility with energy-efficient machinery and automation

$ 85,000

Developing a bilingual digital platform for newcomer job matching

Eligibility

The company must be incorporated under Canadian or provincial law and be a taxable Canadian corporation.
The company must have a permanent establishment in Nova Scotia.
The project must be approved and align with Nova Scotia’s priority of economic development through significant capital investments.
The company must apply for and receive an eligibility certificate before seeking the tax credit.
The principal business activity of the company must not fall within excluded sectors as described by program regulations.

Who is eligible?

Corporations in the manufacturing sector
Corporations in the processing sector
Corporations in the fishing industry
Corporations in farming
Corporations engaged in logging, grain storage, or peat harvesting

Who is not eligible

Companies whose main activity is oil and gas extraction.
Businesses operating in natural gas distribution.
Firms in the construction sector.
Companies involved in cement and concrete product mixing.
Organizations engaged in clay building material and refractory manufacturing, asphalt paving, roofing and saturated materials manufacturing, retail trade, commercial screen printing, quick printing, or digital printing.

Eligible expenses

Capital costs directly related to acquiring qualified property for use in Nova Scotia as part of an approved project.

Eligible geographic areas

Nova Scotia

Selection criteria

The project must demonstrate consistency with Nova Scotia’s priority of achieving sustained economic development and growth through investments in significant capital projects, such as new technologies or expansions that enhance innovation, productivity, competitiveness, or increase international trade.

How to apply

Prepare and check eligibility

Review eligibility requirements for both your corporation and project
Prepare all necessary documents, including business plan and proof of corporate status
Ensure the project meets minimum capital cost conditions and sector restrictions

Submit Part A application

Submit a mandatory Part A application for an Eligibility Certificate
Include all required supporting documents as specified in the guidelines
Corporations are encouraged to submit before acquiring qualified property

Receive Eligibility Certificate

Wait for review and issuance of the Eligibility Certificate by the Minister
Eligibility Certificate confirms the project's compliance with program requirements

Submit Part B application

Once the Eligibility Certificate is received and qualified property is acquired, submit the mandatory Part B application for a Tax Credit Certificate
Include required documentation such as proof of acquisition, updated financials, and status reports
Submit Part B within 18 months following the end of the tax year in which the property was acquired

Receive Tax Credit Certificate

Wait for review and the issuance of the Tax Credit Certificate
Multiple Part B applications may be submitted for projects spanning multiple tax years

Claim the tax credit

Claim your tax credit using the Tax Credit Certificate on your corporation's T2 corporate tax return with the Canada Revenue Agency

Additional information

The tax credit is refundable and must be claimed on the corporation's T2 corporate tax return with the Canada Revenue Agency.
All application packages must be submitted via email; paper applications are not accepted.
If applicable, multiple Part B applications can be made if an approved project spans several tax years.
There are specific timelines for acquisition and availability of qualified property, as detailed in the business plan.

Apply to this program

Frequently Asked Questions about the Nova Scotia Capital Investment Tax Credit Program

Here are answers to the most common questions about the Nova Scotia Capital Investment Tax Credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.