Tax Credit

Corporate Income Tax & Credits

The provincial corporate income tax is calculated on taxable income amount. The federal government defines the calculation of taxable income including: net income, capital cost allowance and various tax deductions. Both federal and provincial corporate income taxes are collected through the annual tax return to the Canada Revenue Agency (CRA).

  • 4.5/5.0
  • Nova Scotia. Finance and Treasury Board
  • All levels
  • Last updated 3 years ago
  • English
Description
The provincial corporate income tax is calculated on taxable income amount. The federal government defines the calculation of taxable income including: net income, capital cost allowance and various tax deductions. Both federal and provincial corporate income taxes are collected through the annual tax return to the Canada Revenue Agency (CRA).

  • To help companies to reduce their income tax payable