Tax Credit
Innovation Equity Tax Credit
The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal income tax credit available to eligible investors who invest in an approved corporation.
- 4.5/5.0
- Nova Scotia. Finance and Treasury Board
- All levels
- Last updated 3 years ago
- English
Description
The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal income tax credit available to eligible investors who invest in an approved corporation.- The credit is meant to encourage investors to make equity capital investments in eligible Nova Scotia small and medium corporations engaged in innovative activities contributing to inclusive economic growth and increase investment in innovation that would not happen anyway. The investments incented by this program are meant to provide the capital required for research, development or commercialization of new technology, new products or new processes.