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.
Other Things to Note:
About the author
Maurice
