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.