The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal income tax credit available to eligible investors investing in an approved corporation.
This credit is meant to encourage investments in eligible Nova Scotia small and medium corporations that are engaged in innovative activities that contribute to inclusive economic growth. These investments are meant to provide the capital required for research, development, or commercialization of new technology, products, or processes.
The Innovation ETC is equal to 35% of eligible investments, which increases to 45% for investments made in eligible classifications within the oceans technology and life sciences sectors. The maximum annual investment amount is $250,000.
Note: The forms are available only in English.