Nova Scotia Research and Development Tax Credit
Tax creditNova Scotia
A provincial tax credit that provides relief to Nova Scotia corporations conducting qualified scientific research and experimental development (SR&ED) activities within the province. The credit is administered by the Canada Revenue Agency in conjunction with federal SR&ED tax credits and offers a 15% rate applicable to all corporations regardless of size.
What you'll need
- Federal SR&ED tax credit filing (Form T661)
- Nova Scotia T2 corporate tax return
- Schedule 340 (Nova Scotia R&D tax credit claim form)
- Documentation of qualified SR&ED expenditures incurred in Nova Scotia
- Project records demonstrating scientific research and experimental development activities