Research and Development Tax Credit (New Brunswick)
If your business has expenses in scientific research and experimental development activities carried out in New Brunswick, you could receive a fully refundable 15% tax credit.
The tax credit is offered for the following eligible expenses:
- Experimental development: work to achieve technological advances
- Applied research: work for the advancement of science with a practical application in view
- Pure research: work to advance science without a practical application in view
- Support work
Other conditions apply.