With its inspiring combination of rugged natural beauty and untapped development potential, many companies are looking for business and investment opportunities in Nova Scotia, particularly in the capital of Halifax. If you're thinking of extending the reach of your catering companies in Toronto all the way to Halifax or of moving to Halifax and starting your own business, you might appreciate this quick rundown on some of the business opportunities available in the city.
Nova Scotia is in the midst of a multi-year campaign to attract new businesses and investors to the area, so you've chosen a good time to jump on the bandwagon and start looking for commercial mortgage solutions. The programs are old enough that you know they're functional but still haven't achieved the level of success that would mean they were no longer necessary. There are still plenty of incentives out there to claim.
For instance, any business willing to move to Nova Scotia or expand within Nova Scotia can apply for tax rebate of between 5% and 10% on their payroll expenses. American companies or American company directors can also get special exemptions on their US taxes from their business interests in Halifax without worrying about a Canadian class action suit or an American tax audit. Rebates are paid out over the first five years after establishment.
If your business is in the digital media or research and development sectors, you can also get additional tax credits because the province is actively courting these industries. Depending on your contribution to the local economy, you could be able to write off 20% to 100% of your expenditures against your Federal taxes and receive enough cash back to pay for Nema 4x fences for your entire compound. Businesses that qualify for these rebates include web development outfits, video game design firms, and technology companies.
So what types of business spaces are there to move your business into in Halifax? Some of the fastest developing areas at the moment are the retail shopping/business parks at Bayer's Lake and Dartmouth Crossing. The hip areas for industrial development are the Halifax-Stanfield International Airport and the attached Aerotech Business Park. Any agent with decent real estate training should also be able to get you into the large, established light industrial parks of City of Lakes, Ragged Lake, and Burnside in Dartmouth. Meanwhile specialty shops vie with one another for space downtown and tourism outfits tend to monopolize the waterfront.
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