BioNova advocates on behalf of the sector for initiatives that are important to attract investment to the province
BioNova adds its name to the growing list of supporters for the Atlantic investment Bubble. The proposed “Investment Bubble” is a concept for a regional equity tax credit (ETC), that allows Atlantic Canadians to invest in a company outside their home province but within the region and receive a tax credit.
You can read more about the proposal at the Atlantic Investment Bubble’s official website.
Join the movement and add your name to the list of Atlantic Investment Bubble supporters.
BioNova Launches Second Recommendations Report on November 6th 2019: BioNova in collaboration with Grant Thornton and Cox & Palmer released a second report with a new set of recommendations to continue to advance the provinces Innovation Equity Tax Credit (IETC). (See below to see what changes have been implemented)
You can read the full report here: Continuing the Advantage INNOVATION EQUITY TAX CREDITS
To add your signature of support for these recommendations CONTACT US
Past Recommendations and Updates to Equity Tax Credits in Nova Scotia
Update on November 18, 2020: The province announces new regulations around the VCTC
Update on February 12, 2020 the province announced that it expanded the regulations of the IETC to make the tax credit available to corporate investors from Nova Scotia. Any corporate investments as of April 1st, 2019 are eligible to receive the credit. Read the announcement here
Update on April 4th: The Province Announces Venture Capital Tax Credit
Update on January 17th, 2019: Province Announces Innovation Equity Tax Credit
highlights: The new tax credit applies to investments up to $250,000 in eligible businesses, which is $200,000 more than the current Equity Tax Credit. Nova Scotian investors will receive a tax incentive of 35 per cent, or 45 per cent in priority sectors of oceans technology and life sciences.
BioNova Launches First Recommendations Report in June of 2018: BioNova in collaboration with representatives of Ogden Pond and Grant Thornton released a report with a number of recommendations in advance of the introduction of the provinces Innovation Equity Tax Credit (IETC). You can read that full report here: Modernizing EQUITY TAX CREDITS in Atlantic Canada and Stimulating Innovative Companies,