AI-generated summary
· Closing_evidence · 07/08/2026
Nova Scotia Power files 2025 corporate tax returns and five-year tax expense summary as additional closing evidence in annual financial statements proceeding.
AI summary
- On July 8, 2026, Nova Scotia Power Incorporated submitted additional evidence to Matter M12835, fulfilling a commitment made at its April 30, 2026 annual financial statements filing to provide corporate tax returns, notices of assessment/reassessment, and a five-year average actual corporate tax expense reconciliation.
- The 182-page primary attachment (N-3) is a redacted T2 Corporation Income Tax Return package for the 2025 taxation year, covering federal tax instalments, capital cost allowance schedules, investment tax credit claims, loss continuity worksheets, and reportable uncertain tax treatments (RUTTs) disclosure under subsection 237.5 of the Income Tax Act.
- A significant portion of the filing (pages 105–165) consists of an amended 2024 T2 return related to Taxes Scientific Research and Experimental Development (SR&ED) claims, including project narratives describing a Dynamic Voltage Restorer (DVR) commissioning investigation and AI/ML-based fish-tracking research at hydro facilities.
- CRA notices of assessment and reassessment are included, with one reassessment showing a provincial tax adjustment of $312,308 attributable to a Nova Scotia R&D tax credit, and a corporation notice of assessment reflecting an account balance of $279,266.46 due August 7, 2025.
- Confidential treatment under Rule 12 was requested for vendor billing rates related to SR&ED claim preparation (partial confidentiality) and employee salary information (board-only confidentiality), with redacted public versions provided.
Disclaimer: This summary was generated by AI from the filings it describes. We take care to make it accurate, but errors are possible - and it isn't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →
What was filed
Documents filed on this day
- N-3 Additional Submissions Financial Statements - Redacted
- N-3(BC) Additional Submissions Financial Statements - Board Confidential Board Only
- N-3(C) Additional Submissions Financial Statements - Partially Confidential
- 102678 Letter from NSPI enclosing additional submission