OIC Number: 2020 - 45

Date of Order: Feb 11, 2020

Statute: Income Tax Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Finance and Treasury Board dated December 7, 2019, and pursuant to

Section 37A of

Chapter 217 of the Revised Statutes of Nova Scotia, 1989, the Income Tax Act , is pleased, effective on and after April 1, 2019, to: (

a) repeal the Innovation Equity Tax Credit Regulations , N.S. Reg. 13/2019, made by the Governor in Council by Order in Council 2019-12 dated January 17, 2019; and (

b) make new regulations respecting the innovation equity tax credit in the form set forth in

Schedule “A” attached to and forming part of the Report and Recommendation, except for subsections 16(3) and 16(4) which are effective on and after January 1, 2019.

Department(s): Finance and Treasury Board