Closed
Source verified May 25, 2026
Nova Scotia Research and Development Tax Credit
Refundable R&D tax credit for Nova Scotia companies
Funding available
Up to 15.000001% of project cost
Deadline
May 17, 2024
Location
Nova Scotia, Canada
Overview
This program provides a fully refundable 15% tax credit on eligible R&D expenditures. It supports scientific research and experimental development carried out in Nova Scotia and claimed alongside federal SR&ED credits.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Conduct research and development activities
Eligible Funding
- Up to 15.000001% of project cost
Eligible candidates
Eligible Industries
- All industries
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
- Scientific research and experimental development carried out in Nova Scotia.
Documents Needed
- Schedule 340, Nova Scotia Research and Development Tax Credit
- Schedule 5, Tax Calculation Supplementary – Corporations
Official resources
Eligibility
Who is eligible?
- Corporations.
- Corporations that are beneficiaries of a trust.
- Corporations that are members of a partnership.
Eligible expenses
- Qualified scientific research and experimental development expenditures made in Nova Scotia.
- Expenditures eligible for the federal SR&ED tax credit.
Eligible geographic areas
- Nova Scotia.
How to apply
- Download and save the accessible fillable PDF to your computer.
- Open the downloaded PDF in Acrobat Reader 10 or later.
Processing and Agreement
- File a completed Schedule 340 with your return no later than 18 months after the corporation’s tax year-end.
- To report a recapture, complete Schedule 340.
- Enter the credit earned in the year on line 566 of Schedule 5.
- Enter the recapture amount on line 221 of Schedule 5.
Additional information
- Administered by the Canada Revenue Agency.
- Claimed with federal SR&ED tax credits.
- The credit is claimed on Schedule 340 of the Nova Scotia T2 return.
- Form T661 is used for the federal SR&ED filing.
Contacts
Frequently Asked Questions about the Nova Scotia Research and Development Tax Credit Program
What is the Nova Scotia Research and Development Tax Credit?
This program provides a fully refundable 15% tax credit on eligible R&D expenditures. It supports scientific research and experimental development carried out in Nova Scotia and claimed alongside federal SR&ED credits.
How much funding can be received?
Nova Scotia Research and Development Tax Credit Funds up to 15.000001% of admissible expenses.
Who is eligible for the Nova Scotia Research and Development Tax Credit program?
To be eligible for the Nova Scotia Research and Development Tax Credit program, you must:
Corporation with a permanent establishment in Nova Scotia.
Scientific research carried out in Nova Scotia.
Eligible federal SR&ED expenditures.
What expenses are eligible under Nova Scotia Research and Development Tax Credit?
Scientific research and experimental development carried out in Nova Scotia.
Who can I contact for more information about the Nova Scotia Research and Development Tax Credit?
You can contact Government of Nova Scotia or by phone at 902-450-8795.
Where is the Nova Scotia Research and Development Tax Credit available?
The Nova Scotia Research and Development Tax Credit program is available the province of Nova Scotia.
Is the Nova Scotia Research and Development Tax Credit a grant, loan, or tax credit?
Nova Scotia Research and Development Tax Credit is a Tax Credits