Nova Scotia Venture Capital Tax CreditFor the year 2019 and following tax years, Nova Scotia has introduced a new non-refundable credit for venture capital.
This credit is equal to 15% of your eligible investments and you can carry forward your unused tax credits to the following seven (7) years.
To claim this credit, please follow the steps below.
1. On the "Left-side menu on the Interview tab", select the "Nova Scotia tax credits" section.
2. On the screen to your right, go to the line "NS428 line 83 - Venture capital tax credits (T224)";
3. On the page displayed under the line "Credit amount from your investments certificates", enter the amount of your NSVTC-1 tax certificates in the box to your right.
The credit will be carried over by the program if necessary, to line 83 of form NS428.
Please keep your NSVTC-1 certificates as the CRA may request more information.
ID: 20200121075302DE.xml
Webpage: KPA380-20200121075302DE.htm