Eligibility Criteria
All new businesses incorporated in Nova Scotia after April 18, 1986 that have at least two employees, and are not:
- associated with another corporation(s),
- in a partnership or a joint venture with an ineligible corporation(s),
- a beneficiary of a trust where any beneficiary is ineligible,
- a previous active business with essentially the same owner(s) or related owner(s),
- a professional practice of an accountant, dentist, lawyer, medical doctor, veterinarian or chiropractor, or
- a business carrying on the same, or substantially the same, business activity as was carried on as a sole proprietorship, partnership or corporation.
Summary
The eligible Corporation must apply, each year, to the Nova Scotia Minister of Finance for a Nova Scotia Tax Deduction Eligibility Certificate.
The Certificate will not be issued until an application form and the Canada Revenue Agency Form 341 are received by the Tax and Fiscal Policy Division of the Nova Scotia Department of Finance. A separate application form for each taxation year is required. Due to confidentiality, a signed Letter of Authorization from the applicant company is also required before the Tax and Fiscal Policy Division may discuss any matter with anyone other than the applicant company.
For more information, please visit the Web Site or contact:
Contact Information:
Nova Scotia Contact(s):
Mr.
Philip
Hatheway
Revenue Officer
Fiscal Policy Division
Nova Scotia Department of Finance
P.O. Box 187
Halifax, Nova Scotia
B3J 2N3
Telephone: 902-424-8369
Fax: 902-424-0590
E-mail: hathewp@gov.ns.ca