New Small Business Tax Deduction

Finance and Treasury Board, Government of Nova Scotia • Applies only to: Nova Scotia

Your new small business may be eligible for an exemption from paying Nova Scotia corporate income tax for your first 3 years of incorporation if:

  • You have at least 2 employees, one of which is full-time and unrelated to any shareholder.
  • This is a completely new type of business activity for you.
  • The business is independent of any other corporations
  • It is not a previous business with the same or related owners.

Some professional practices are not eligible, and other conditions also apply.

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