Nova Scotia extends the Capital Investment Tax Credit to 2035

If your company is considering a major expansion, modernization, or infrastructure project in Atlantic Canada, Nova Scotia’s latest budget introduces an opportunity that could significantly reduce your investment costs.

The Government of Nova Scotia has reinforced its commitment to long-term economic growth by extending the Capital Investment Tax Credit (CITC) program to December 31, 2035. For businesses planning large capital investments, this extension provides something just as valuable as the incentive itself, long-term certainty for strategic planning.

For organizations evaluating where and when to invest, this extended timeline opens the door to significant funding support for major capital projects.

What the Capital Investment Tax Credit means for large Nova Scotia projects

The Capital Investment Tax Credit was originally introduced to stimulate large-scale investments across the province, and the latest budget confirms Nova Scotia’s commitment to attracting transformative projects.

Under the program, businesses can access a refundable tax credit of up to 25% on the capital cost of eligible property acquired as part of approved projects. The incentive is designed for major initiatives, applying to projects with a minimum capital cost of $15 million, with a maximum credit of $100 million per project.

For companies investing in new facilities, production equipment, or infrastructure upgrades, this level of support can represent a significant reduction in total project costs.

Why the CITC extension to 2035 matters for business investment planning

Large capital projects rarely move forward overnight. They often require years of planning, financing, and operational preparation before implementation begins.

By extending the program through 2035, the Government of Nova Scotia is providing businesses with the long-term visibility needed to confidently plan and execute large investments. This extended eligibility window allows organizations to move forward with projects that might otherwise be delayed due to uncertainty around funding programs.

For companies evaluating expansion opportunities, that stability can make Nova Scotia an even more attractive destination for investment.

How Nova Scotia’s budget supports industrial growth and advanced manufacturing

The extension of the CITC also aligns with broader economic priorities within the provincial budget. The government is focused on initiatives that strengthen Nova Scotia’s economy by encouraging investment across key industries.

These objectives include:

• Encouraging productivity growth

• Strengthening domestic supply chains

• Positioning Nova Scotia as a competitive destination for advanced manufacturing and large-scale infrastructure projects

By supporting large-scale capital investments, the province aims to drive economic development, increase competitiveness, and create long-term opportunities for businesses operating in Nova Scotia.

CITC: One of Atlantic Canada’s top investment incentives for businesses

For companies planning expansion or modernization projects in Atlantic Canada, the CITC remains one of the region’s most significant investment incentives.

When combined with federal programs such as the Atlantic Investment Tax Credit and other provincial incentives, the program can substantially reduce the cost of major capital investments. Businesses that strategically layer available funding programs can unlock meaningful financial support that improves project feasibility and accelerates growth.

However, identifying the right programs and navigating eligibility requirements can be complex, particularly for large capital initiatives that involve multiple funding streams.

How Ayming helps businesses maximize Government Funding and Tax Incentives

This is where Ayming can help.

With deep expertise in government funding and tax credit programs, we help businesses identify, secure, and maximize all available incentives for large investment and innovation projects. From checking eligibility to preparing strong applications and supporting claims, we work closely with companies. Our goal is to ensure you capture the full value of federal and provincial funding opportunities.

For businesses planning major capital investments in Nova Scotia, combining the Capital Investment Tax Credit with R&D tax credits, government grants, and other incentives can significantly reduce project costs.

If your company is planning a major capital project or innovation initiative, Ayming can help you access the right mix of funding, grants, and tax credits to maximize your investment.