The entity or individual that files the Form T2 Schedule 351 for the Nova Scotia Capital Investment Tax Credit in Canada is the taxpayer or corporation eligible for the credit.
Q: What is T2 Schedule 351?
A: T2 Schedule 351 is a form for reporting additional certificate numbers for the Nova Scotia Capital InvestmentTax Credit.
Q: What is the Nova Scotia Capital Investment Tax Credit?
A: The Nova Scotia Capital Investment Tax Credit is a tax credit available in Nova Scotia to encourage investments in certain businesses.
Q: What is the purpose of reporting additional certificate numbers?
A: Reporting additional certificate numbers allows businesses to claim the tax credit for investments made with multiple certificates.
Q: Are there any specific tax years for reporting?
A: Yes, the form is for reporting in the tax years 2021 and later.
Q: Is the form applicable only to Canada?
A: Yes, this form is specific to Canada, specifically to the province of Nova Scotia.