Nova Scotia has quintupled the size of its equity tax credits for people investing in young, innovative companies, and signaled that more changes are on the way.
The provincial government announced Friday that its new Innovation Equity Tax Credit will apply to investments in approved companies of up to $250,000, up from $50,000. Investors will receive a credit equal to 35 percent of their qualifying investment, or 45 percent in the priority sectors of oceans technology and life sciences.
The announcement comes amid a movement across Atlantic Canada to improve and harmonize the investment