Tax Credit
Tax Deduction for New Small Business
This deduction effectively eliminates the Nova Scotia corporate income tax for the first 3 taxation years of a new small business after incorporation. The corporation must apply each year to the Nova Scotia Minister of Finance for a Nova Scotia Tax Deduction Eligibility Certificate.
- 4.5/5.0
- Nova Scotia. Finance and Treasury Board
- All levels
- Last updated 3 years ago
- English
Description
This deduction effectively eliminates the Nova Scotia corporate income tax for the first 3 taxation years of a new small business after incorporation. The corporation must apply each year to the Nova Scotia Minister of Finance for a Nova Scotia Tax Deduction Eligibility Certificate.- To assist new small businesses in the first three years following incorporation.