Economic development incentives

New Brunswick

Canada

BLS & Co. periodically revises the state incentive pages to ensure our firm is providing the most current information on legislative and regulatory developments affecting available programs. Updates will be posted in the near future. In the interim, please call BLS & Co. with any questions at 609.924.9775 or reach out via email at info@BLSstrategies.com.

BLS & Co. periodically revises the state and province incentive pages to ensure our firm provides the most current information on legislative and regulatory developments affecting available programs. Please contact the BLS & Co. team at 609.924.9775 or email info@BLSstrategies.com for more information on the Northwest Territories, Yukon and Nunavut.

DIRECT FINANCIAL ASSISTANCE

Payroll rebates:  Payroll rebates may be available to companies for workforce expansion. Rebates are paid on a percentage of incremental salaries that meets a certain threshold. Rebates would be paid only after annual claims are made.

TAX INCENTIVES

Research and Development (R&D) Tax Credit:  Tax credit for R&D activities in New Brunswick. The refundable credit of 15% of eligible expenditures made with respect to scientific research and experimental development activities carried out in the province.

Small Business Investor Tax Credit: Program designed to promote early-stage investment in eligible small businesses. Investors can apply for a non-refundable tax credit for 50% of the amount of investment in a qualified small business, up to a maximum of $125,000 per year. A similar credit allows eligible corporate and trust investors to qualify for a 15% non-refundable corporate income tax credit on eligible investments up to $500,000, with a maximum credit of $75,000 per year.

Last Updated:  July 2023

Tax Credits

Tax Exemptions

Grant and Financing Programs

Special Zoning

Job Training

Financing & Financial Assistance

Local Incentives

Other Programs

Interested in Learning More?

Contact us today at 609.924.9775 or info@blsstrategies.comto schedule an initial incentives strategy consultation.
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