Nova Scotia Venture Capital Tax Credit
For 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
