T1285: Nova Scotia Equity Tax Credit

As a resident of Nova Scotia, if you invested in eligible shares of a business registered under the Equity tax credit (ETC) program during 2024 (or within the first 60 days of 2025), and the government of Nova Scotia issued you a NSETC-1 receipt for your investments, you can claim the Nova Scotia equity tax credit.

You can carry forward your unused amounts for up to 7 years, or back for up to 3 years.

Remember to keep all of your documents if you’re filing electronically, just in case the CRA asks to see them later. If you’re filing a paper return, remember to attach your T1285 form and NSECT-1 receipt.

Follow these steps in H&R Block’s 2024 tax software:

Before you begin, make sure that you told us that you lived in Nova Scotia on December 31, 2024.

  1. On the left navigation menu, under the Credits & deductions tab, click Tax Topics.

  2. Select the Investment income & expenses checkbox.

  3. At the bottom of the page, click Add selected topics to my return.

  1. Under the RESOURCE INCOME AND CREDITS heading, select the checkbox labelled Nova Scotia equity tax credit (T1285), and then click Continue.

  2. When you arrive at the Nova Scotia equity tax credit page, enter your information into the tax software.