Research and Development Tax Credit
If your business incurs costs from qualified scientific research and experimental development carried out in Nova Scotia, you could receive a 15% tax credit when you file your taxes.
The refund can apply to expenses like wages, materials, machinery, equipment, overhead, and scientific research and experimental development contracts.
Your work must fall under:
- Experimental development
- Basic or applied research, or
- Work in support of research and development
Other conditions apply.