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Capital Investment Tax Credit

The Nova Scotia Capital Investment Tax Credit (CITC) is a refundable corporate income tax credit claimed by eligible corporations for capital equipment acquired for use in Nova Scotia on or after January 1, 2015. The capital equipment must be acquired as part of an "approved project".

The rate of the tax credit is 15 per cent of the capital cost of "qualified property" acquired in a taxation year, with a maximum tax credit of $30 million per "approved project."

The CITC is aligned, but not harmonized with, the federal government’s Atlantic Investment Tax Credit (AITC). With certain exceptions, the tax credit is available to corporations in the manufacturing, processing, fishing, farming, logging, storing grain and harvesting peat sectors.

The CITC is administered by the Nova Scotia Department of Finance and Treasury Board - Taxation and Federal Fiscal Relations Division.

For more information on the calculation of the credit, eligibility requirements, the application process and its regulations, please see:

Guidelines (PDF 445 kb)

Application forms:
Part A (Excel 172 kb)
Part B (Excel 110 kb)

Capital Investment Tax Credit Regulations
Maximum Amount of Capital Investment Tax Credits for Approved Projects Regulations

Please note there are two parts for the application and both are mandatory.

New Small Business Tax Deduction

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Samantha Thomson
Email: Samantha.Thomson