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Nova Scotia Capital Investment Tax Credit
Refundable corporate tax credit for qualifying Nova Scotia investments
Last Update: May 25, 2026
Funding available
$ 5,000,000 - $ 100,000,000
Timeline
- Open continuously
Location
Nova Scotia, Canada
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.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Increase operational productivity
- Optimize production processes
Eligible Funding
- Maximum amount : 100,000,000 $
- Minimum amount : 5,000,000 $
- Up to 25% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
Location
- Nova Scotia
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
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.
Official resources
Eligibility
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
1
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
2
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
3
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
4
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
5
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
6
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.
Frequently Asked Questions about the Nova Scotia Capital Investment Tax Credit Program
What is the Nova Scotia Capital Investment Tax Credit?
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.
How much funding can be received?
Nova Scotia Capital Investment Tax Credit Funds up to 25% of admissible expenses, capped at $100,000,000 per project.
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).
What expenses are eligible under Nova Scotia Capital Investment Tax Credit?
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.
Who can I contact for more information about the Nova Scotia Capital Investment Tax Credit?
You can contact Government of Nova Scotia.
Where is the Nova Scotia Capital Investment Tax Credit available?
The Nova Scotia Capital Investment Tax Credit program is available the province of Nova Scotia.
Is the Nova Scotia Capital Investment Tax Credit a grant, loan, or tax credit?
Nova Scotia Capital Investment Tax Credit is a Tax Credits