The Nova Scotia Graduate Tax Credit is available to anyone living and working in Nova Scotia who graduated from an eligible post-secondary program on or after January 1, 2006. This credit could reduce your Nova Scotia income taxes by $1,000 in 2006 and 2007 and by $2,000 in 2008 and later years.
To be eligible, you must:
- be a graduate of an eligible program from an approved institution on or after January 1, 2006; this includes eligible post-secondary programs outside Nova Scotia
- be a resident of Nova Scotia and file a 2006 or later Tax return
- claim the credit on your tax return. Provincial certificates are no longer required to claim the credit.
- claim this credit in the year you graduate; any unused portion may be claimed in the following two years
- claim this credit only once
NEW - You no longer need to apply for a Graduate Tax Credit Certificate.
Just claim the credit on your 2007 or later tax return.
- you need to attach your diploma to your 2007 (or later) tax return (paper version). If you are filing electronically, keep all of your documents in case the Canada Revenue Agency asks to see them
- you can claim this credit only once, even if you graduate from more than one post-secondary eligible program
- claim this credit in the year you graduate; any unused amount may be claimed in the following two years
Have more questions? Check out the website for lots of helpful tips!
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