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

Revenue Canada – Apprenticeship Job Creation Tax Credit

The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an eligible apprentice, you qualify to claim the credit. An eligible apprentice is someone who is working in a prescribed trade in the first two years of their apprenticeship contract. This contract must be registered with a federal, provincial, or territorial government under an apprenticeship program designed to certify or license individuals in the trade. A prescribed trade includes the trades currently listed as Red Seal Trades.

Safety Check Inspections

Safety Check Inspections is an Occupational Health & Safety Training & Consulting Company, specializing in Confined Space Rescue. Locally owned and operated in Sydney, NS. “Tradesmen Training Tradesmen”   Services offered: OH&S Training  – NS Fall Protection, First Aid, Confined Space, AWP, Forklift, WHMIS, Scaffolding, Online Training, Professional Development Training, Energy Safety Canada Courses (Alberta Oil Sands Courses) Safety Consulting, Safety Advisors, Confined Space Rescue, Technicians Gas Monitor Calibrations, Equipment Rentals.

Scotians Global Advisors Program

Scotians is a global network of individuals passionate about Nova Scotia. Passionate about our economic success and the entrepreneurs that drive it. Made up of a diverse group of Nova Scotians, expats, friends, and alumni in over 20 countries, Scotians work to leverage their collective global experience to help us deliver brighter outcomes for all Nova Scotians. The Scotians Global Advisors Program supports Nova Scotia businesses looking to build their export capacity, improve their global competitiveness and/or enhance their global connections in support of their export goals. The Program facilitates introductions to experienced international business professionals with expertise relating to the needs identified by your business.   Find your Advisor at: Scotians.ca

Sell to the Government of Canada

Learn about selling to the Government of Canada. This event calendar can help you find learning opportunities held in your area or even online.

SENNS – Impact Investment Fund

The Social Enterprise Network of Nova Scotia (SENNS) has launched Nova Scotia’s first Impact Investment Fund, in partnership with the national Social Enterprise Ecosystem Project (S4ES), managed by SENNS partner, the Nova Scotia Co-operative Council. Financing is available for social enterprises who meet the eligibility criteria as outlined on the Fund application form. The maximum amount of financing available is up to $15,000 per applicant.

SENNS-Research

The Social Enterprise Network of Nova Scotia (SENNS) is a non-profit member led society working on behalf of all of Nova Scotia’s Social Enterprise sector that contributes to the social, cultural, environmental and economic well-being of Nova Scotia. Two reports recently completed by SENNS to assist social enterprise companies are the Social Enterprise Strategy  and the Mapping the Social Shift report that documents the social enterprise network in Nova Scotia

Small Business Loan Guarantee Program

As a Nova Scotia resident, you could borrow up to $500,000 from a credit union in the form of a loan, line of credit or working capital to start or grow a business. Eligibility is based on your business plan, viability, and character. Acadian Credit Union 15089 Cabot Trail Cheticamp 1902-224-2055 Dominion Credit Union 94 Commercial Street Dominion, NS 902 849 8648 Glace Bay Central Credit Union Main Branch 598 Main St. Glace Bay, NS 902 849 7512 Reserve Mines Branch 2249 Sydney Rd. Reserve Mines, NS 902 849 4583 St. Joseph’s Credit Union 3552 Highway 206, Petit de Grat 1-902-226-2288 East Coast Credit Union Branches Baddeck Branch 902-295-3477 Havre Boucher Branch 902-234-2523 Inverness Branch 902-258-2045 L’Ardoise Branch 902-587-2414 Louisdale Branch 902-345-2015 Mabou Branch 902-945-2003 Margaree Branch 902-235-2659 Port Hawkesbury Branch 902-625-0190 Port Hood Branch 902-787-3246 St. Peter’s Branch 902-535-3101 Sydney Credit Union Sydney Branch 95 Townsend St., Sydney 902 562-5593 sydney@sydneycreditunion.com Sydney River Branch 1280 Kings Rd., Sydney River 902-539-1684 sydneyriver@sydneycreditunion.com

Startup Canada – Entrepreneur Success Investment Fund

Startup Canada and Trushield Insurance have partnered together to launch the Entrepreneur Success Fund to invest in projects, programs, and initiatives that support entrepreneur success across Canada. The fund supports existing tools, technologies, programs, and initiatives that support entrepreneur access to information, training, mentorship, capital and connectivity, and have the potential to benefit from scaling through the Startup Canada Network. The fund provides: Up to $2,500 in micro-grant support Featured on StartupNews.ca and a guest-spot on the Startup Canada Podcast VIP Pass and Program at Startup Canada Day on the Hill on October 18th in Ottawa Concierge introduction to a network of 50 Startup Communities to scale

Student Summer Skill Incentive (SKILL)

Access a wage subsidy to help reduce the cost of hiring post-secondary students for quality summer jobs if you work for a non-profit or registered charity. SKILL helps registered charities and societies offer summer jobs to post-secondary students. Eligible employers can hire students for terms of 8-14 weeks in the summer. You’ll receive a subsidy of $9.10 per hour ($10.10 if the student is a member of designated diversity group) for the wages you pay to your student employees. Designated diversity groups are: Mi’kmaq or Indigenous African Nova Scotians Visible minorities (including persons of African descent) Persons with disabilities (consisting of a physical, cognitive or mental impairment that presents a persistent barrier to work)   Eligibility Organizations can apply for the subsidy if they: are a not-for-profit organization registered as a charity or active society with the Registry of Joint Stock Companies plan to hire a university or college student for 8-14 weeks between April and August pay their summer student-employee minimum wage or more (plus vacation pay) for 30 to 35 hours of work per week aren’t receiving funding from any other government employment program for the same position How to apply If your organization is registered in the online Labour Market Programs Support System (LaMPSS), you can apply now.