Available to: Any individual, corporation, trust or partnership is qualified to claim 15% of the eligible expenses (arising after December 31, 2002), considering they operate in New Brunswick, are performing SR&ED and are eligible for the SR&ED Investment Tax Credit (ITC).
The deadline to claim the credit: Not applicable.
Carryback and carryforward: The non refundable tax credit may be carried back 3 years and 7 years forward.
Assistance: The federal pool of deductible and eligible SR&ED credit will be cut down by the Nova Scotia tax credit.
Recapture: Will give rise to New Brunswick tax credit, payable otherwise.
Potential to renounce: Not required.
(Research and development (R&D) tax credit and the funding is in addition to the federal SR&ED program)
(This information is correct as at 31 March, 2019)
New Brunswick region is served through our office in Toronto
Canadian SR&ED Solutions
First Canadian Place
100 King Street W
Toronto, ON M5X 1C7