Tax Credit
Provincial
Active
New Brunswick Research and Development Tax Credit
Government of New Brunswick / Canada Revenue Agency (CRA)
Maximum Credit
15% of eligible costs
Ongoing; claimed annually with the corporate income tax return (no fixed appl...
Difficulty
Moderate
Payment
Tax Credit Offset
Trend
Stable
First-Timers
Friendly ✓
Credit rate
Varies
New Brunswick Research and Development Tax Credit provides up to 15% of eligible SR&ED expenditures. New Brunswick provides a fully refundable 15% tax credit on eligible SR&ED expenditures for corporations with a permanent establishment in the province. Applications are accepted on an ongoing basis.
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Eligibility & Details
What this program funds and who can apply
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Program Description
New Brunswick provides a fully refundable 15% tax credit on eligible SR&ED expenditures for corporations with a permanent establishment in the province. The credit is claimed annually through the corporate income tax return.
Eligibility Requirements
- New Brunswick corporation
- Must have a permanent establishment in New Brunswick
- Expenditures must qualify as Scientific Research and Experimental Development under the federal Income Tax Act
Provinces
Industries
Business Stage
Quick Assessment
Difficulty
Moderate
Competition
Low
First-Timer
Friendly
Funding Details
- Amount
- 15% of eligible SR&ED expenditures
- Type
- Tax Credit
- Level
- Provincial
- Deadline
- Ongoing; claimed annually with the corporate income tax return (no fixed application deadline)
Program Scorecard
Competition, effort, and approval at a glance
Competition
Low
Deadline
Ongoing
Approval
Entitlement
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook
Everything you need to claim New Brunswick Research and Development Tax...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 8 rejection pitfalls reviewers flag — so you catch them first
- 5-document checklist with what each reviewer is actually checking
- 5-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 1-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what the program administrators check
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How to claim
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipClaim the credit on Schedule 360 of your New Brunswick corporate tax return and keep clear documentation that your expenditures meet the federal SR&ED definition.
Rejection Pitfalls 8
- Work fails the federal SR&ED test — no technological advancement or systematic investigation, adjudicated by CRA rather than the province
+7 more pitfalls
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Success Profile
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Evaluation Criteria
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8 reasons applications get rejected, what successful claimants look like, and exactly what the program administrators check
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Application Playbook
Step-by-step process, required documents, and expenses
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5 steps
5 docs
Application Steps
1
Confirm the permanent establishment and location-of-work tests Two conditions, both of which must hold: "You can claim this credit if you have a permanent establishment in New Brunswick and you made eligible expenditures for research and development to be carried out in New Brunswick." A New Brunswick address alone is not enough — the research itself must be carried out in the province, and R&D performed elsewhere by a New Brunswick corporation does not qualify.
Required Documents 5
✓ New Brunswick corporate income tax return
✓ Schedule 360
Eligible Expenses 9
Ineligible Expenses 4
Claim timing
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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1 partners
Compatible Programs
Federal SR&ED Investment Tax Credit (ID 4)
Combined Funding Potential
See your total funding potential
Clawback Risk
Medium Risk
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How New Brunswick Research and Development Tax... Compares
Side-by-side with similar programs
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| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| New Brunswick Research and Developmen... | 15% of eligible SR&ED expenditures | Moderate | Tax Credit Offset | Ongoing; claimed... |
| Strategic Response Fund (formerly Str... | Minimum $10 million contribution | Hard | Mixed (Advance + Reimb.) | Ongoing — continuous... |
| CanExport SMEs | Up to $50,000 | Moderate | Mixed (Advance + Reimb.) | Applications accepted... |
| Innovative Solutions Canada | up to $150,000 | Hard | Milestone-Based | Challenge-specific — new... |
| Ocean Supercluster | Up to $5 million | Hard | Reimbursement | Call-specific — no open... |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about New Brunswick Research and Development Tax...
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Do I get cash if my company has no New Brunswick tax payable?
Yes. The 15% credit is fully refundable — it is applied against total taxes payable first, and the amount in excess of tax otherwise payable is refunded to you. New Brunswick made it refundable specifically for R&D companies with no taxable income.
How much is the New Brunswick R&D tax credit worth?
15% of eligible expenditures, with no published cap. The rate rose from 10% to 15% effective January 1, 2003, when the credit was also made fully refundable; before that the 10% credit was non-refundable and had to be carried forward or back.
Does the research have to happen in New Brunswick?
Yes. You need both a permanent establishment in New Brunswick and eligible expenditures for research and development to be carried out in New Brunswick. A provincial address without provincial R&D activity does not qualify.
Which form do I file?
Schedule 360, New Brunswick Research and Development Tax Credit, filed with your corporate return, and the amount claimed is entered on line 597 of Schedule 5. The credit is administered by CRA, reachable at 1-800-959-5525.
Can the credit be taken back later?
Yes. If you dispose of a property used in research and development, or convert it to commercial use, you may have to report a recapture — calculated on Schedule 360 and entered on line 573 of Schedule 5 — which creates or increases New Brunswick tax otherwise payable.
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Full Playbook: New Brunswick Research and Development Tax...
5 steps · 5 docs · reviewer insights