New Brunswick Dividend Tax Credit
no fixed amount
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. 14% for eligible dividends, as defined by the federal government, paid from corporate income taxed at the general corporate income tax rate;
2. 2.75% for dividends paid from income taxed at the small business rate.
Rolling deadline
Eligibility:
Applicants must have received dividends:
a) paid from corporate income taxed at the general corporate income tax rate;
b) 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.
About the author
Maurice
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.