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New Brunswick Dividend Tax Credit

ByMaurice

Amount:

No Fixed Amount

Type of Program:

Tax Credit

Description:

The New Brunswick Dividend Tax Credit is a non-refundable personal income tax credit. 

Comments on Funding:

The tax credit offers two rates:  

  1. 1
    14% for eligible dividends, as defined by the federal government, paid from corporate income taxed at the general corporate income tax rate;
  2. 2
    2.75% for dividends paid from income taxed at the small business rate.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must have received dividends:

  • paid from corporate income taxed at the general corporate income tax rate;
  • paid from income taxed at the small business rate.

Application Steps:

No specific steps have been identified.

Documentation Needed: 

No specific documentation has been identified.

Other Things to Note:

Tax credit for business shareholders. 

Program Contact:

The New Brunswick Dividend Tax Credit

Related posts:

New Brunswick Small Business: Complete Guide for Entrepreneurs
How to Get a Small Business Loan in New Brunswick: Quick Guide for NB Entrepreneurs
Business License New Brunswick: Step-by-Step Guide, Costs & More
Franchise Opportunities in New Brunswick: How to Find Franchises for Sale + Mistakes to Avoid

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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