Nova Scotia energy tax credit

This is a non-refundable tax credit equal to 25% of eligible capital investments in Nova Scotia on renewable energy sources or energy efficiency investments made by a corporation in a given year, after June 30, 2006.

The credit can be used to reduce up to a maximum of 50% of the Nova Scotia tax on large corporations payable in a tax year. Any unused credit can be carried forward seven tax years.

A corporation may renounce the energy tax credit. The renouncement must be filed on or before the filing due date of the income tax return.

Claiming the credit

Complete Schedule 342, Nova Scotia Tax on Large Corporations.

Forms and publications

• Schedule 342, Nova Scotia Tax on Large Corporations

Government partners

• Nova Scotia (provincial site)