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FILM TAX CREDITNova Scotia’s Film Tax Credit is a refundable tax credit for costs directly related to theproduction of films in Nova Scotia. The program encourages the development, training andhiring of Nova Scotia film personnel in all disciplines.Eligibility: The tax credit is available to qualifying productions and co-productions producedand/or shot in Nova Scotia. Production companies applying for the tax credit must have apermanent establishment in Nova Scotia (a fixed place of business, a production office, abranch etc.) and must be incorporated under the laws of Nova Scotia, another province ofCanada, or Canada.There is no limit on the size of the production budget, no corporate or asset cap, and noCanadian content or copyright ownership requirements associated with the tax credit. The taxcredit is not reduced by any other tax credits that the production may receive.Calculations: As of November 30, 2010, the tax credit rate is 50% of eligible salaries, with anadditional 15% available for films shot in eligible geographical areas and by productioncompanies who have made three films in a two year period.Further information on Nova Scotia’s Film Tax Credit is available at:Film Nova ScotiaP.O. Box 34104Scotia Square, RPOHalifax, NSB3J 3S1Toll free: 1.888.360.2111Fax: 902.424.0617Web: http://film.ns.ca/DIGITAL MEDIA TAX CREDITThe Digital Media Tax Credit is a refundable tax credit for costs directly related to thedevelopment of interactive digital media products in Nova Scotia. The tax credit amount isdefined as the lesser of 50% of eligible labour expenditures or 25% of the total expendituresmade in Nova Scotia.NOVA SCOTIA EQUITY TAX CREDITThe Equity Tax Credit is designed to assist Nova Scotia small businesses, co-operatives, andcommunity economic development (“CED”) initiatives in obtaining equity financing by offering apersonal income tax credit to individuals investing in eligible businesses. Equity financing is analternative to other forms of financing such as debt and traditional government assistance. Thecredit is not a grant nor is it considered to be a tax shelter.Business Incentives 173