Capital Investment Incentive (Nova Scotia, Canada)
Last modified on February 12, 2015.
|Applies to States or Provinces||Nova Scotia|
|Name||Capital Investment Incentive (Nova Scotia, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Grant Program, Rebate Program|
|Affected Technologies||Biomass/Biogas, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Maximum Incentive||$1 million (Canadian)|
The Capital Investment Incentive (CII) is part of the Productivity Investment Program as outlined in the economic growth plan for Nova Scotia, jobsHere.
This incentive can contribute up to 20% toward the cost of technologically-advanced machinery, clean technology, equipment, software and hardware with preference given to exporters in qualified industries.
The CII is limited to corporations in the following industries: - Advanced manufacturing and processing - Development of non-traditional sources of energy - Life-sciences - Aerospace and defense - Information and communication technology (ICT) - Ocean technology - Professional, Scientific and Technical Services excluding the following: Legal Services; Accounting, Tax Preparation, Bookkeeping and Payroll Services; Advertising and Related Services; Photographic Services; Veterinary Services; Translation and Interpretation Services
Under certain circumstances, strategic gateway and trade related activities may be eligible under the Capital Investment Incentive.
The CII helps companies make investments in their future by offsetting the cost of incremental capital purchases. These are the kinds of purchases that would result in cost savings and productivity improvements, and increase competitiveness in international markets.
If deemed eligible under the guidelines of the incentive, companies can receive reimbursement of 20% of the cost of its equipment, up to a maximum of $1 million. Acquisitions less than $25,000 will not be considered.
Please note the following changes to the Capital Investment Incentive Guidelines are retroactive April 1, 2011. An application must be submitted to the Department of Economic and Rural Development and Tourism (ERDT), prior to any commitment to purchase the Qualified Property.
|Department||Nova Scotia Department of Economic and Rural Development and Tourism|
|Division||Productivity Investment Program - Capital Investment Incentive|
|Address||1660 Hollis St., Suite 600|
|Zip/Postal Code||B3J 1V7|