Capital Investment Incentive (Nova Scotia, Canada)

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search


Last modified on February 12, 2015.

EZFeed Policy

Place Nova Scotia


   
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
Active Policy Yes

Implementing Sector State/Province
















Maximum Incentive $1 million (Canadian)











Primary Website http://www.gov.ns.ca/econ/pip/cii/



Last Review 2014-09-15


Information Source http://www.gov.ns.ca/econ/pip/docs/CII-Program_Guidelines.pdf


Summary

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.



Policy Contact

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
Phone 902-424-8822


Email pip@gov.ns.ca
Website http://www.gov.ns.ca/econ/pip/cii/
     
     


















References