Closed
New Brunswick Research and Development Tax Credit
Tax credit for R&D in New Brunswick
Last Update: March 4, 2026
Funding available
No Condition
Timeline
- Receipt of requests is now closed
Location
New Brunswick, Canada
Overview
Refundable tax credit of 15% for qualified scientific research and experimental development expenditures in New Brunswick.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Conduct research and development activities
Eligible Funding
- No Condition
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Professional, scientific and technical services
Location
- New Brunswick
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next steps
1
Determine your project
2
Validate your eligibility
Activities funded
Eligible projects or activities include those that aim to achieve technological advancements and advance scientific knowledge through rigorous research and development efforts. These initiatives cover a broad spectrum of eligible research activities that directly support technological and scientific progress.
- Experimental development initiatives aimed at achieving technological advancements in materials, devices, or processes.
- Applied research projects with specific practical applications in various scientific domains.
- Basic research programs designed to expand scientific knowledge without immediate practical application.
- Support work projects that encompass engineering, design, and operations research necessary for SR&ED activities.
- Mathematical analysis and computer programming tasks integral to advancing SR&ED projects.
- Data collection and testing activities that support experimental and applied research efforts.
- Psychological research activities that aid in experimental development and applied research.
Eligibility
Who is eligible?
New Brunswick corporations undertaking Scientific Research and Experimental Development (SR&ED) are eligible to apply for this tax credit. Eligible expenditures must be related to experimental development, applied research, basic research, or support work that directly assists these activities. Both current and capital SR&ED expenditures, such as wages, materials, and overhead, are considered for this credit.
Who is not eligible
Some types of companies may not be eligible for this grant. The eligibility criteria may exclude:
- Companies engaged in activities not aligned with the grant's objectives
- Companies with unresolved legal issues or non-compliance with regulations
Eligible expenses
The tax credit covers specific eligible expenditures related to SR&ED activities as defined by the Federal Income Tax Act.
- Experimental development expenditures.
- Applied research expenditures.
- Basic research expenditures.
- Support work expenditures including engineering, design, operations research, mathematical analysis, computer programming, data collection, testing, and psychological research.
- Wages and salaries related to SR&ED initiatives.
- Materials used in SR&ED activities.
- Equipment used for SR&ED purposes.
- Overhead costs associated with SR&ED projects.
- Other expenditures incurred as a result of SR&ED initiatives.
Eligible geographic areas
This grant is available to New Brunswick corporations engaging in research activities. It provides incentives to facilitate advancements in scientific research and development within the province.
- New Brunswick, Canada
Additional information
Here are additional relevant details for the Research and Development Tax Credit in New Brunswick:
- The tax credit is fully refundable, meaning it can result in a refund if the credit amount exceeds the corporation's total tax payable.
- Expenditures eligible for the SR&ED tax credit must be consistent with those defined under the Federal Income Tax Act.
- Companies can contact the Canada Revenue Agency (CRA) for assistance and detailed guidelines on the application process.
Contacts
Frequently Asked Questions about the New Brunswick Research and Development Tax Credit Program
Here are answers to the most common questions about the New Brunswick Research and Development Tax Credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the New Brunswick Research and Development Tax Credit?
Refundable tax credit of 15% for qualified scientific research and experimental development expenditures in New Brunswick.
Who is eligible for the New Brunswick Research and Development Tax Credit program?
To be eligible for the New Brunswick Research and Development Tax Credit program, you must:
The applicant must be a New Brunswick corporation.
The corporation must engage in Scientific Research and Experimental Development (SR&ED) as defined by the Federal Income Tax Act.
What expenses are eligible under New Brunswick Research and Development Tax Credit?
Eligible projects or activities include those that aim to achieve technological advancements and advance scientific knowledge through rigorous research and development efforts. These initiatives cover a broad spectrum of eligible research activities that directly support technological and scientific progress. Experimental development initiatives aimed at achieving technological advancements in materials, devices, or processes.
Applied research projects with specific practical applications in various scientific domains.
Basic research programs designed to expand scientific knowledge without immediate practical application.
Support work projects that encompass engineering, design, and operations research necessary for SR&ED activities.
Mathematical analysis and computer programming tasks integral to advancing SR&ED projects.
Data collection and testing activities that support experimental and applied research efforts.
Psychological research activities that aid in experimental development and applied research.
Who can I contact for more information about the New Brunswick Research and Development Tax Credit?
You can contact Government of New Brunswick or by phone at 1-800-959-5525.
Where is the New Brunswick Research and Development Tax Credit available?
The New Brunswick Research and Development Tax Credit program is available the province of New Brunswick.
Is the New Brunswick Research and Development Tax Credit a grant, loan, or tax credit?
New Brunswick Research and Development Tax Credit is a Tax Credits
Who are the financial supporters of the New Brunswick Research and Development Tax Credit?
New Brunswick Research and Development Tax Credit is funded by Government of New Brunswick, Finance and Treasury Board (NB)
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