Menu
Tax credit for newly incorporated SMBs in Nova Scotia
Government of Nova Scotia - New Small Business Tax Deduction (Corporate Tax Holiday)
Type of Funding
Grant
Max Funding
N/A
Region
Provincial
Application Difficuty
Average
Processing Time
Medium (A few weeks)
Province
Nova Scotia
Industry
Arts/Entertainment and recreation (including Motion picture and sound recording).
Funding Goals
Working capital.
Demographic
N/A
Incorporated
Yes
Contact
FinanceWeb@novascotia.ca
902-424-5554
Apply For A Loan
Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +
Funds in 24 hours
$10,000 to $800,000
Details
Tax deduction for Nova Scotia new small businesses for the first 3 taxation years after incorporation.
Eligibility
An eligible business is a new Nova Scotia business that:
has at least 2 employees (1 employee needs to be unrelated to any shareholder of the corporation),
is not in a partnership or joint venture with an ineligible corporation,
is not a beneficiary of a trust where any beneficiary is ineligible,
is not a previous active business with essentially the same owners or related owners,
is not a professional practice of an accountant, dentist, lawyer, medical doctor, veterinarian or chiropractor, and
is not a business carrying on the same, or substantially the same, business activity that it carried on as a sole proprietorship, partnership or corporation.
Similar funding programs
Grant
Non-repayable financial contribution of up to $15,000 for Start-ups based in Montreal. Can be used for Equipment purchases, Leasehold improvements, Marketing expenses or as Working capital fund.
Max Funding $15,000.00
PME MTL - Young Business
Grant
Funding for entrepreneurs and small businesses with:, Startup Funding, Capital Assistance, Market and Product Development, Operational Support, Film Support
Max Funding $25,000.00
Support for Entrepreneurs and Economic Development (SEED) -Micro-business
Grant
Funding for farms to mitigate income declines, and provides support for investments to mitigate risks or improve market income.
Max Funding $15,000.00
Government of Canada, Agriculture and Agri-Food Canada - Agriinvest
FundingHQ
Copyright © 2019-2023 FundingHQ. All Rights Reserved. |
Terms of Use | Privacy Policy
229 Niagara Street, Toronto, ON, M6J 2L5