Nova Scotia Capital Investment Tax Credit
grant_single|update May 8, 2025
NS, Canada
Refundable corporate tax credit for qualifying Nova Scotia investments
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
grant_single|grantors
- Government of Nova Scotia
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
- 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.
grant_single|admissibleProjectsExample
$ 60,000
Installing solar panels on shared community arts centre rooftop
$ 60,000
Expanding childcare centre with new inclusive outdoor playground
$ 20,000
Retrofitting small bakery to reduce waste and improve accessibility
$ 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
grant_single_labels|admissibility
- 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.
grant_eligibility_criteria|who_can_apply
- 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
grant_eligibility_criteria|who_cannot_apply
- 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.
grant_eligibility_criteria|eligible_expenses
- Capital costs directly related to acquiring qualified property for use in Nova Scotia as part of an approved project.
grant_eligibility_criteria|zone
- Nova Scotia
grant_single_labels|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.
grant_single_labels|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
grant_single_labels|otherInfo
- 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
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