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Deductions · 8 min

Every deduction Canadian small businesses miss

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TAX CREDITNova Scotia

Nova Scotia Innovation Equity Tax Credit

Last verified: June 2026

This Nova Scotia credit rewards investors who buy equity in approved small and medium corporations doing innovative work in the province. Individuals get 35 percent of their eligible investment back (45 percent for oceans technology and life sciences), and corporate investors get 15 percent. Companies must register and get a certificate before accepting investments, which makes the shares eligible for the credit and helps them raise capital.

See if I qualifyOfficial page
Estimated value
Investors receive 35% (45% for oceans tech and life sciences) for individuals, or 15% for corporations, of the eligible investment
Approval likelihood
Medium
Ready to apply score
70/100
Documents needed
4

Eligibility

  • Business types:incorporated
  • Industries:Technology & Software
  • Provinces:Nova Scotia
  • Max employees:100
  • Max business age:10 years
  • Requires R&D activity

What you'll need

  • Certificate of Registration application
  • Proposed Investor Forms
  • Proof of CCPC status and Nova Scotia headquarters
  • Confirmation of under $15M in assets and fewer than 100 employees

How to apply

  1. 1Review the Innovation Equity Tax Credit Guidelines
  2. 2Apply to the Department of Finance and Treasury Board for a Certificate of Registration before accepting investments
  3. 3After the share issue, apply for tax credit certificates on behalf of investors
Deadline:Apply for credit certificates within 6 months of certificate expiry

Is your business a fit for Nova Scotia Innovation Equity Tax Credit?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

TAX CREDIT

Nova Scotia Digital Media Tax Credit

25% to 50% of NS labour costs

TAX CREDIT

Provincial R&D Tax Credits

3.5–30% of eligible R&D costs

TAX CREDIT

Nova Scotia Equity Tax Credit

35% credit to investors (up to $17,500 per investor)

A monthly digest

New programs, in your inbox.

We are in beta. Drop your email and we will write when the first digest is ready. Monthly cadence, easy unsubscribe.

Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

Start the assessment
Product
  • Eligibility quiz
  • All programs
  • Watch (live changes)
  • The funding journey
  • When to apply
  • Stackability map
  • Document checklist
  • Calculators
  • Tracker
  • Learn
  • Pricing
Resources
  • For accountants
  • Public API
  • RSS feed
  • What's new
  • Roadmap
  • Press
  • vs ChatGPT
  • vs Benefits Finder
By province
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Manitoba
  • Saskatchewan
By industry
  • Technology & Software
  • Manufacturing
  • Retail & E-commerce
  • Food & Beverage
  • Professional Services
  • Creative & Media
For
Women entrepreneursNewcomersIndigenous businessYouth foundersBlack entrepreneursFirst-hire employers
Recent guides
Deductions · 8 min

Every deduction Canadian small businesses miss

Grants · 10 min

8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

© 2026 DeductlyPrivacyTermsAboutFrançaisContact
All systems operational

Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.