Closed
Nova Scotia Corporate Tax Reduction for New Small Businesses
Nova Scotia corporate tax relief for new small businesses
Last Update: June 8, 2026
Funding available
Varies by project
Timeline
- Receipt of requests is now closed
Location
Nova Scotia, Canada
Overview
This program reduces Nova Scotia corporate income tax for new small businesses during the first three tax years after incorporation. Eligible corporations can claim the reduction after receiving a provincial eligibility certificate and filing the required tax forms.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Start a business
- Ensure financial sustainability
Eligible Funding
- Varies by project
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- All industries
Location
- Nova Scotia
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- 2 employees minimum
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Operating a new eligible small business as a corporation in Nova Scotia.
Documents Needed
- Provincial eligibility certificate
- Schedule 341, Nova Scotia Corporate Tax Reduction for New Small Businesses
- Schedule 5, Tax Calculation Supplementary – Corporations
Eligibility
Who is eligible?
- Canadian-controlled private corporations incorporated in Nova Scotia.
- Corporations incorporated elsewhere in Canada with a head office in Nova Scotia.
Eligible geographic areas
- Nova Scotia
Processing and Agreement
- Apply to the Nova Scotia Department of Finance and Treasury Board for an eligibility certificate.
- Receive the certificate before claiming the reduction.
- Claim the reduction on the corporate tax return using the certificate number.
- Obtain a new eligibility certificate for each tax year claimed.
Additional information
- A provincial eligibility certificate is required before claiming the reduction.
- A separate certificate is needed for each of the three tax years.
- Schedule 341 is used as a worksheet to calculate the reduction.
- The certificate number must be entered on Schedule 5 when claiming the reduction.
Contacts
Frequently Asked Questions about the Nova Scotia Corporate Tax Reduction for New Small Businesses Program
Here are answers to the most common questions about the Nova Scotia Corporate Tax Reduction for New Small Businesses. 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.
What is the Nova Scotia Corporate Tax Reduction for New Small Businesses?
This program reduces Nova Scotia corporate income tax for new small businesses during the first three tax years after incorporation. Eligible corporations can claim the reduction after receiving a provincial eligibility certificate and filing the required tax forms.
Who is eligible for the Nova Scotia Corporate Tax Reduction for New Small Businesses program?
To be eligible for the Nova Scotia Corporate Tax Reduction for New Small Businesses program, you must:
New corporation eligible for the federal small business deduction.
Must meet Nova Scotia incorporation or presence requirements.
Must have the required employee count and paid hours.
What expenses are eligible under Nova Scotia Corporate Tax Reduction for New Small Businesses?
Operating a new eligible small business as a corporation in Nova Scotia.
Who can I contact for more information about the Nova Scotia Corporate Tax Reduction for New Small Businesses?
You can contact Canada Revenue Agency (CRA) by email at none or by phone at none.
Where is the Nova Scotia Corporate Tax Reduction for New Small Businesses available?
The Nova Scotia Corporate Tax Reduction for New Small Businesses program is available the province of Nova Scotia.
Is the Nova Scotia Corporate Tax Reduction for New Small Businesses a grant, loan, or tax credit?
Nova Scotia Corporate Tax Reduction for New Small Businesses is a Tax Credits
Who are the financial supporters of the Nova Scotia Corporate Tax Reduction for New Small Businesses?
Nova Scotia Corporate Tax Reduction for New Small Businesses is funded by Canada Revenue Agency (CRA), Government of Nova Scotia