Invest Nova Scotia – Innovation Rebate Program

The Innovation Rebate Program supports Nova Scotia businesses looking to increase their global competitiveness. The program provides financial incentives on projects that enable a company to increase innovation capacity through private-sector capital investments or adoption of new technologies and business processes. The Innovation Rebate Program will work as a rebate against a company’s direct costs. An Eligible Project may include: implementation of new or significantly improved production processes or waste stream processing; investment in production capacity to enter new markets and/or produce new products; and establishment of new production facilities in Nova Scotia. An Eligible Project must have a total budgeted Nova Scotia investment (excluding tax) of not less than $2,000,000. The maximum amount of Eligible Project Costs to which the Innovation Rebate Program rebate will be applied is $15,000,000.

Invest Nova Scotia – Innovation Rebate Program

The Innovation Rebate Program (IRP) provides financial incentives for projects that assist Nova Scotia companies as they scale to increase their competitiveness.

Invest Nova Scotia – Payroll Rebate

A payroll rebate is an earned incentive, paid out yearly after a company achieves pre-determined targets. The rebate is a return on a company’s eligible gross payroll. It is issued over a set number of years – usually between three and five – and to a set amount. This means that for every dollar a company spends in salaries and benefits, Invest Nova Scotia rebates back a negotiated percentage. The payroll rebate agreement includes performance targets that a company must achieve in order to receive the rebate, including: Number of new positions created Average annual salary

Invest Nova Scotia – Productivity and Innovation Voucher Program

The Productivity and Innovation Voucher Program helps small and medium sized companies access direct assistance to help make their business more productive and innovative. The program lets businesses seek out expertise within post-secondary institutions to: Improve productivity Develop a new product, service, or process Create growth There are two tiers of the Productivity and Innovation Voucher Program. Tier 1: Vouchers of up to $15,000 for eligible businesses that have not previously been awarded a voucher or are applying with a new project. Tier 2: Vouchers of up to $25,000 for eligible businesses to build on work already done. Vouchers are used to obtain services from eligible service providers. Businesses must select a provider and service that best fits their needs.

Invest Nova Scotia – Small Business Development Program

The Small Business Development Program supports Nova Scotia businesses looking to increase their export capacity. The program provides financial incentives on projects that assist a business to grow current exports or participate in a global supply chain by providing access to: Research expertise Expertise to improve productivity and competitiveness Expertise to improve capacity Expertise to remove barriers to exporting The Small Business Development Program supports the acquisition of a private sector consultant to provide professional expertise. The program contributes up to 50% of eligible project costs to a maximum incentive of $15,000. A business with revenue growth of at least 15% in its previous complete fiscal year will be eligible for up to 50% of eligible costs to a maximum of $25,000.

Invest Nova Scotia – Trade Accelerator Program (TAP)

Nova Scotia Business Inc., in partnership with the Halifax Chamber of Commerce, is pleased to offer the Trade Accelerator Program (TAP). The program welcomes eligible businesses from across Nova Scotia to apply.  TAP is an innovative and dynamic program aimed at helping enterprises overcome barriers to exporting.  The program is quickly gaining momentum across Canada, and has a reputation of achieving real results, fast.

Invest Nova Scotia – Trade Market Intelligence (TMI) Service

If you are looking for customized research on business opportunities in specific sectors and export markets, you may be eligible for Invest Nova Scotia’s Trade Market Intelligence (TMI) Service. With a research team of sector specialists with access to leading proprietary databases, TMI helps Nova Scotia companies access trade intelligence to help identify export opportunities specific to their products, services, and markets of interest. Types of export research TMI can assist with: Market characteristics such as demand, size, value and trends Competitor analysis Trade regulations, including import and export requirements Supply chain and logistics analysis Country economic and political overviews Industry certifications and standards Industry contacts, suppliers, wholesalers, distributors Tradeshows, events, and other promotional mediums TMI is available to Nova Scotia companies working with or connected to a provincial Export Development Executive (EDE) or Regional Business Development Advisor (RBDA). Your contact will help guide the process, including completing a TMI application*.

Invest Nova Scotia – Trade Missions

Looking to grow your business across Canada or internationally? Invest Nova Scotia’s trade missions are a cost-effective way to explore new opportunities, find new customers and partners, or attract investment and capital. For a nominal fee, we will take you into a market and provide you with an itinerary including: in-market matchmaking; dedicated booth space at the trade show; individual support by an Invest Nova Scotia export development executive; ground transportation to and from sales calls; networking opportunities.  

Invest Nova Scotia TecSocial

TecSocial is a monthly meeting for those with an interest in technology and entrepreneurship. The topics feature a variety of entrepreneurs and subject matter experts. TecSocial brings together entrepreneurs from across Cape Breton, Invest Nova Scotia clients, business professionals, industry representatives and students. These events are free and open to the public. Appetizers provided are compliments of Invest Nova Scotia.

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