Topic:"Taxes" in M12780

Income Taxes In 2025, NSPI was subject to a combined Canadian federal and Nova Scotia provincial statutory corporate income tax rate of 29 per cent (2024 – 29 per cent). In 2025, NSPI's effective tax rate was (47) per cent (2024 – (36) per...

AI summary In 2025, NSPI faced a combined tax rate of 29 per cent, but its effective tax rate was -47 per cent due to investment tax credits and deferred income taxes on regulated income recorded as assets and liabilities.

Income Tax Risk The computation of the Company's provision for income taxes is impacted by changes in tax legislation in Canada, and any such changes could have a Material Adverse Effect. The value of NSPI's existing deferred income tax as...

AI summary The Company's income tax provision is influenced by changes in Canadian tax legislation, which could negatively affect NSPI's deferred income tax assets and liabilities.

Tax Legislation On March 26, 2026, Bill C-15, an Act to implement certain provisions of the 2025 Budget tabled in Parliament on November 4, 2025, was enacted. Bill C-15, among other measures, reinstates the Accelerated Investment Incentive...

AI summary Bill C-15, enacted on March 26, 2026, reinstates the Accelerated Investment Incentive and introduces the Clean Electricity Investment Tax Credit. These measures provide enhanced capital cost allowance deductions and refundable tax credits for eligible property. The legislation did not have a material impact on the Company for the three months ended March 31, 2026.

ecision-making. Costsharing that closes the adoption gap, while allowing eligible customers to retain available external support, may lower program unit cost without materially reducing participation. Table 2 of Exhibit E-24 illustrates po...

AI summary The text discusses how cost-sharing and external tax support can reduce the required DSM contribution for projects, illustrated by a $50,000 commercial heat-pump installation. It highlights the potential tax benefits from the Clean Technology ITC and Accelerated CCA, emphasizing that these are illustrative and not guaranteed. EfficiencyOne already assists customers in identifying non-DSM funding.

Response to Request IR-3: (a) Please confirm whether medium and large industrial customers undertaking eligible projects through the Custom Program are also eligible for the Clean Technology ITC and accelerated CCA, and if so, whether Sola...

AI summary The response confirms that medium and large industrial customers in the Custom Program may be eligible for federal tax supports like the Clean Technology ITC and accelerated CCA. Solar Nova Scotia recommends that EfficiencyOne provide structured funding navigation support, as the Custom Program already operates on a cost-shared basis, and Energy Managers are well-suited to help customers access non-DSM funding.