NB Small Business Investor Tax Credit (SBITC)
50% personal tax credit (up to $125,000/yr) or 15% corporate tax credit (up to $75,000/yr) for investors in eligible NB small businesses.
About this program
The New Brunswick Small Business Investor Tax Credit is a non-refundable provincial tax credit designed to encourage local investment in New Brunswick small businesses. Individual investors receive a 50% credit on investments up to $250,000 per year (max $125,000 credit). Corporate and trust investors receive a 15% credit on investments up to $500,000 per year (max $75,000 credit). Unused credits can be carried back 3 years or forward 7 years. Eligible businesses register through the NB Department of Finance and Treasury Board.
Eligibility
Eligible businesses must be incorporated and registered to carry on business in New Brunswick, have net tangible assets less than $40 million (including associated corporations), use substantially all assets and income to generate active business income in NB, and pay at least 75% of wages to NB residents (or 50% if 50%+ of goods/services are exported). The corporation must have authorized capital consisting of shares without par value.
Requirements
- Incorporated and registered in New Brunswick
- Net tangible assets less than $40 million
- Substantially all assets and income used for active business in NB