Type of Program:
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.
It also enables New Brunswick corporations and trusts to be eligible for a 15% non-refundable corporate income tax credit on eligible investments in small businesses in the province up to $500,000.
Comments on Funding:
Funding is a 50% non-refundable personal income tax credit of up to $125,000 per year per individual investor.
The tax credit for a corporation and trust investor is 15% of the investment up to the maximum annual tax credit per corporation and/or trust investor of $75,000.
When It Ends:
The applicant can be a corporation, or an individual investor.
The applicant must be a corporation that:
The applicant must be an individual investor that:
The total investment by an individual investor shall be not less than $1,000, and by a corporation and trust investor not less than $50,000.
The applicant must complete a two-stage process:
application for a Certificate of Registration. A fee of $100 applies to each application for registration under the program. The Department of Finance will issue a Certificate of Registration.
application for a Tax Credit Certificate. A fee of $25 applies to each investor tax credit certificate requested. The Department of Finance will issue a Tax Credit Certificate to eligible investors on approved purchases of shares.
Corporation applicants must submit: