Tax Credit
Research and Development Tax Credit
This is a fully refundable tax credit for New Brunswick corporations to help fund their research activity. It is applied to Scientific Research and Experimental Development (SR&ED) expenditures as defined by the Federal Income Tax Act. The credit is administered by the Canada Revenue Agency (CRA).
- 4.5/5.0
- New Brunswick. Finance and Treasury Board
- All levels
- Last updated 3 years ago
- English
Description
This is a fully refundable tax credit for New Brunswick corporations to help fund their research activity. It is applied to Scientific Research and Experimental Development (SR&ED) expenditures as defined by the Federal Income Tax Act. The credit is administered by the Canada Revenue Agency (CRA).- Encourage R&D in New Brunswick.