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______________________________________________________________________________Stewart McKelveyDoing Business in Atlantic CanadaFor further information, contact:Department of Economic and Rural DevelopmentCentennial Building1660 Hollis St., Suite 600Halifax, NSB3J 3C8Tel: 902-424-4998Fax: 902-424-7008Web: http://film.ns.ca/• Payroll RebateNova Scotia Business Inc.’s payroll rebate program is a performance-based incentive offered to eligiblecompanies expanding in or locating to Nova Scotia. The rebate is a return (usually between five and 10percent) on the company’s eligible gross payroll. To receive the rebate, the company must create or retain atargeted number of jobs, at a minimum determined salary, within a set timeframe. The rebate is generallypaid out annually over a term not exceeding five years. For further details on this program, contact:Nova Scotia Business Inc.World Trade & Convention Centre1800 Argyle St., Suite 701P.O. Box 2374Halifax, NSB3J 3E4Toll free: 1-800-260-6682Fax: 902-424-5739E-mail: info@nsbi.ca• Business Taxation• New Small Business Tax DeductionNova Scotia’s New Small Business Tax Deduction effectively eliminates the Nova ScotiaCorporation Income Tax for the first three years for a new small business after incorporation. TheCorporation must apply each year to the Nova Scotia Minister of Finance for a Nova Scotia TaxDeduction Eligibility Certificate.Eligible Corporations: All new businesses incorporated in Nova Scotia after April 18, 1986 that:• have at least two employees, one of whom must be full-time and unrelated to anyshareholder, for the specified taxation year;• are not associated with another corporation(s);• are not in a partnership or a joint venture with an ineligible corporation(s);• are not a beneficiary of a trust where any beneficiary is ineligible;• are not a previous active business with essentially the same owner(s) or related owner(s);• are not a professional practice of an accountant, dentist, lawyer, medical doctor,veterinarian or chiropractor; and• are not a business carrying on the same, or substantially the same, business activity aswas carried on as a sole proprietorship, partnership or corporation.Page 94