New Small Business Tax Deduction Certificate Information Sheet Tax Deduction The Nova Scotia Small Business Tax Deduction effectively eliminates the Nova Scotia Corporation Income Tax for the first two taxation years of a new small business incorporated after April 18, 1986 and three years for a new small business incorporated after April 24, 1992. The Corporation must apply, each year, to the Nova Scotia Minister of Finance for a Nova Scotia Tax Deduction Eligibility Certificate. Eligible Corporations All new businesses incorporated in Nova Scotia after
April 18, 1986 that are:
Filing of Application The application form should be filed at the end of each of the first two taxation years of the corporation. If the corporation date of the applicant company was April 25, 1992, or later, the corporation will be eligible to apply for the Nova Scotia Small Business Tax Deduction for three years. We will not issue a Certificate of Eligibility to an eligible company until this office has received an Application Form and the Canada Revenue Agency Form 341 attached. We require a separate application form for each taxation year. Please note that due to confidentiality, we require a signed Letter of Authorization from the applicant company before we may discuss any matter with anyone other than the applicant company. Download the New Small Business Application in one of the following two formats: |
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