Nova Scotia Research and Development Tax Credit
Nova Scotia
Government of Nova Scotia, Finance and Treasury Board
Funding Amount
15% of eligible SR&ED expenditures
Program Contact Details
Email information unavailable
902-450-8795
Industry
All industry sectors
What is this funding for?
Tax credit for R&D in Nova Scotia
Program Description
The Nova Scotia Research and Development Tax Credit offers tax relief to Nova Scotia corporations that incur qualified scientific research and experimental development (SR&ED) expenditures made in Nova Scotia, as defined by the federal Income Tax Act.
Steps to Apply
1. Review eligibility criteria for the federal SR&ED tax credit
2. Prepare the federal SR&ED credit filing using Form T661
3. Complete Schedule 340 on your Nova Scotia T2 form to claim the provincial SR&ED tax credit
4. Submit the completed forms to the Canada Revenue Agency (CRA) within 18 months after the corporation's tax year-end
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