Nova Scotia Research and Development Tax Credit (Nova Scotia R&D Tax Credit) (formerly: Research and Development Tax Credit)

By mmuise

The Nova Scotia R&D 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. It is fully refundable at the rate of 15% of eligible expenditures.

Comments on Funding:

Funding is 15% of eligible expenditures.
Eligible expenditures are reduced by government and non-government assistance, but not the Nova Scotia R&D tax credit. The Nova Scotia R&D tax credit will reduce the federal pool of deductible SR&ED expenditures and qualified SR&ED expenditures.

Deadline: Rolling deadline

Applicants must:

  • be corporations,
  • be corporations that are beneficiaries of a trust,
  • be corporations that are members of a partnership,
  • have a permanent establishment in Nova Scotia,
  • carry out scientific research in Nova Scotia.
Application Steps:

No specific steps have been identified.

Documentation Needed:

Applicants must:
1. claim the Nova Scotia R&D tax credit in conjunction with federal SR&ED tax credits.
2. fill in form T661 to claim the Federal credit and schedule 340 of their Nova Scotia T2 form to claim the Nova Scotia tax credit.

Other Things to Note:

Page last updated 2020-01-17

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