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