Nova Scotia Research and Development Tax Credit

Amount

Varies

Deadline

Rolling

Odds

Formula-based, not competitive

Effort

Days to weeks depend

Can you get this?

✓For Nova Scotia corporations only

✓SR&ED expenditures must occur in Nova Scotia

✓15% rate applies regardless of corporation size

✓Expenditures must qualify under federal SR&ED rules

✓Refunds available if credit exceeds tax payable

Your real odds

This is a formula-based tax credit, not a competitive grant, so if your expenditures qualify federally, you very likely qualify provincially.

Your odds depend almost entirely on whether your R&D activities meet CRA's SR&ED eligibility rules, which are detailed and technical. If your federal claim is accepted, the Nova Scotia credit follows the same qualified expenditure base.

What it takes

Prepare your federal SR&ED claim on Form T661 with CRADays to weeks depending on complexity

Complete Schedule 340 as part of your Nova Scotia T2 corporate returnA few hours once federal claim is ready

File both returns with CRA, which administers the provincial creditAt corporate tax filing deadline

Worth knowing

If your Nova Scotia R&D tax credit exceeds your Nova Scotia tax payable, the excess is refundable, meaning you can receive a cash refund even if you owe no provincial tax.

Apply on funder's site →

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