No Fixed Amount
Type of Program:
The New Brunswick Dividend Tax Credit is a non-refundable personal income tax credit.
Comments on Funding:
The tax credit offers two rates:
- 114% for eligible dividends, as defined by the federal government, paid from corporate income taxed at the general corporate income tax rate;
- 22.75% for dividends paid from income taxed at the small business rate.
When It Ends:
Applicants must have received dividends:
No specific steps have been identified.
No specific documentation has been identified.
Other Things to Note:
Tax credit for business shareholders.