Business Development Incentives
Grow your business in Nova Scotia
Canada is widely recognized as having one of the most generous R&D incentive programs in the world.
Source: Research & Development Ontario & Think Canada Again (publication pg 6)
Whether starting or expanding a business, Nova Scotia has incentives to meet your needs. Give your company a financial boost by putting down roots in one of the best places in North America to invest. Sector specific incentives are outlined in the industry profiles.
Payroll Rebate: This is a performance-based, financial incentive offered to qualified companies expanding or locating in Nova Scotia. The Payroll Rebate offers a return on a company’s eligible gross payroll, helping to save on eligible payroll expenses.
Innovation Rebate Program: This program provides financial incentives on projects that enable Nova Scotia businesses to increase innovation capacity through private-sector capital investments or adoption of new technologies and business processes. The Innovation Rebate Program works as a rebate against a company’s direct costs.
Workplace Innovation and Productivity Skills Incentive (WIPSI): This program provides eligible employers with a funding incentive to invest in employee skills through workforce training.
Graduate to Opportunity (GTO): The GTO is a two-year program that provides salary contributions to employers to offset the cost of hiring a recent graduate. As an eligible employer, you could receive 25% of the graduate’s annual salary in year one, and 12.5% of the graduate’s annual salary in year two.
Innovate to Opportunity (ITO): The ITO is a three-year program that provides salary contributions to employers to offset the cost of hiring recent graduates with advanced (masters or doctoral) degrees for permanent, full-time jobs that are focused on innovation and export. As an eligible employer, you could receive 35% of the new graduate’s annual salary in year one, 20% in year two, and 12.5% in year three.
Strategic Co-op Education Incentive: This incentive provides wage assistance to private sector, government-funded, and non-profit organizations offering career-related work experiences for university and community college co-operative students.
Research & innovation incentives
Scientific Research and Experimental Development (SR&ED) Program: This program provides tax incentives to encourage research and development in Canada. Administered by the Canada Revenue Agency (CRA), it is the largest single source of federal government support for industrial research and development.
Nova Scotia Research and Development Tax Credit: This incentive mirrors the federal program, and provides an additional 15% tax credit to Nova Scotia corporations that incur qualified SR&ED expenditures made in Nova Scotia, as defined by the federal Income Tax Act.
Atlantic Innovation Fund: This program aims to increase Atlantic Canada’s innovation capacity by funding R&D projects linked to the commercialization of technology-based products, processes or services.
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Do Your Research and Development in Canada. It Pays Off!
Digital media incentives
Digital Media Tax Credit: It offers a refundable tax credit of up to 50% for costs directly related to the development of interactive digital media products.
Digital Animation Tax Credit: This refundable tax credit applies to costs directly related to the development of digital animation in Nova Scotia.
Nova Scotia Film and Television Production Incentive Fund: This fund provides up to $4 million of financial support for the development and production of films.
Eastlink TV Independent Production Fund: Bring your animated and/or live-action TV series to life with the help of the Eastlink TV Independent Production Fund. Designed to finance Nova Scotian television productions, this fund could provide you with an equity investment of up to $300,000, to a maximum of 20% of your total budget.
Whether starting, relocating, or expanding a business, we have the work force to meet your needs.