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Large Corporations Tax

The Nova Scotia Large Corporations Tax is a tax on corporate capital of companies, excluding certain categories of financial institutions. For both federal and provincial taxation purposes, capital is defined as all of a firm's debt and owner's equity less any current debt.

The Rates

Rate by Value of Corporate Capital
Effective dates Under $10 million $10 million and over
July 1, 2007 - June 30, 2008 $5 million deduction & 0.45% No deduction & 0.225%
July 1, 2008 - June 30, 2009$5 million deduction & 0.40%No deduction & 0.20%
July 1, 2009 - June 30, 2010$5 million deduction & 0.30%No deduction & 0.15%
July 1, 2010 - June 30, 2011$5 million deduction & 0.20%No deduction & 0.10%
July 1, 2011 - June 30, 2012$5 million deduction & 0.10%No deduction & 0.05%
July 1, 2012 - EliminatedEliminatedEliminated

Determining the Large Corporations Tax Capital BaseThe Large Corporations Tax capital base is defined under the federal Income Tax Act and includes items such as:



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Corporate Tax


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The Canada Revenue Agency (CRA) administers the corporate income tax and large corporation's tax on behalf of the Province. The CRA can answer your business income tax questions for both federal and provincial income tax systems.

Toll-Free: 1-800-959-5525




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