Funding Amount
15% non-refundable corporate income tax credit on eligible investments
Funding Limits
$75,000 per year
Program Contact Details
wwwfin@gnb.ca
800-669-7070
Industry
All industry sectors
What is this funding for?
Tax credit to drive New Brunswick business investment
Program Description
The New Brunswick Small Business Investor Tax Credit provides a 50% (for investments made after April 1, 2015) non-refundable personal income tax credit of up to $125,000 per year (for investments of up to $250,000 per individual investor) to eligible individual investors who invest in eligible small businesses and/or community economic development corporations (CEDC) or associations (co-op) in the province.
Steps to Apply
1. Review eligibility criteria for the Small Business Investor Tax Credit Program
2. Prepare required documents, including an investment plan, previous year's income tax return, recent financial statements, corporate share registry, instrument of incorporation, investor statements, and director-signed certificate of accuracy
3. Complete the Corporation Application for Registration form
4. Submit the application along with a $100 fee to the Department of Finance and Treasury Board
5. Upon approval, receive the Certificate of Registration
6. After issuing shares to investors, apply for Tax Credit Certificates on behalf of each investor within 30 days of the investment, including a $25 fee per investor
7. Provide Tax Credit Certificates to investors for their tax filings
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