Due to the effects of COVID-19, the Cape Breton Partnership has put together a list of helpful resources.

Find more information here.

The following companies/organizations are Investors of the Cape Breton Partnership and offer services specific to business development.

Virtual Adviser Program

Get one-on-one support from an experienced business adviser. Our free Virtual Adviser Program powered by BoomersPlus.com will match you with a seasoned professional to help you solve a unique challenge your business is facing during this difficult time. The program is available to businesses operating in Cape Breton. The Virtual Adviser Program is powered by BoomersPlus.com which specializes in matching organizations with seasoned talent to fill project or term roles. Their network includes thousands of professionals, managers and executives ready to share their experience and expertise.

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Shannon McNeil

Business Planning Advisor

285 Alexandra Street, Sydney, NS,

902-562-0122

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Access NS-Taxes

This site provides guidance and resources to help you determine which taxes apply to your business.

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Business Taxes

This site includes information on income tax, GST/HST, payroll, business numbers and customs rates.

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Canada Revenue Agency

Learn how to manage various aspects of your business administration through a selection of online videos and recorded webinars for business owners. The videos and webinars cover topics such as:   Starting a business GST/HST Payroll and preparing T4 and T4A Reporting business income and expenses Keeping Records

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Canada Revenue Agency- Scientific Research and Experimental Development

This website provides information about the Scientific Research and Experimental Development (SR&ED) Program, including what you need to know to claim SR&ED tax incentives.

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CRA-Changing Your Business Status

Find out what you should do when you make changes to the structure, status or ownership of your business.

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Federal Tax Credits

A list of Federal Tax Credits available in Canada.

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Government of Canada Business- Closing your Business

If you are planning to close your business, there are a few things you should consider, such as notifying Canada Revenue Agency (CRA), filing a final tax return, paying any outstanding tax amounts, and financing your succession planning.

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IG Wealth Management

Life is constantly changing, which is why you need a plan, and a pro-active advisor, that can adapt with your evolving needs and goals. We help you create a financial plan – an IG Living Plan – that moves and grows along with your life. Our goal? To improve your financial well-being and make sure you can embrace all of life’s possibilities. Solutions for your evolving business Whatever stage your business is at, we can help expand your operations, attract & retain employees, and maximize year-end profits. Whether your looking to pay yourself, invest, plan for succession,  receive tax advice and help with planning, get advice on insurance, or deciding to incorporate, our advisors will work with you to help you make the right decision for your and your business.  

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Doug MacKenzie

Financial Advisor

265 Prince Street, Sydney, NS

902-562-5000 ext 249

902-577-5371

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Investment Tax Credit

You may be eligible to claim an investment tax credit (ITC) if any of the following applies: you bought certain new buildings, machinery, or equipment and they were used in certain areas of Canada in qualifying activities such as farming, fishing, logging, manufacturing, or processing (for more information, go to Atlantic investment tax credit) you have done work that qualifies for scientific research and experimental development (SR&ED) tax incentives (for more information, go to Claiming SR&ED tax incentives) you employ an eligible apprentice for which you want to claim an Apprenticeship Job Creation Tax Credit you have unclaimed credits earned in the last 10 years you have received a T3 slip, showing an amount in box 41 you have received a 2008 version of a T5013 slip, with an amount showing in box 107, or a 2004 version of a T5013 slip, with an amount showing in boxes 38 or 138 you have received a T5013 slip, with an amount showing in boxes 186 or 194 you have received a T101 slip, with an amount showing in box 128 you have a partnership financial statement that allocates to you an amount that qualifies for this credit you have an investment in a mining operation that allocates certain exploration expenditures to you you have created licensed child care spaces for the children of your employees

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Research and Development Tax Credit

This credit offers tax relief to Nova Scotia corporations that incur qualified scientific research and experimental development (SR&ED) expenditures made in Nova Scotia, as defined by the federal Income Tax Act. The credit is administered by Canada Revenue Agency (CRA) and is claimed in conjunction with federal SR&ED tax credits. The Nova Scotia credit should be claimed on Schedule 340 for taxation years 1998 and later. A 15 per cent rate is applicable to all corporations that incur SR&ED expenditures in Nova Scotia, regardless of size. Eligibility: This credit is based on qualified expenditures eligible for the federal SR&ED tax credit: R&D credit applicant is advised to prepare the federal SR&ED credit filing in preparation for the provincial credit – Federal credit is claimed on form T661 – Nova Scotia tax credit is claimed on schedule 340 of your Nova Scotia T2 form The federal credit rules are detailed and potential claimants are advised to review federal documentation regarding the SR&ED credit

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