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New Brunswick Research and Development Tax Credit
Fully refundable R&D tax credit in New Brunswick
Last Update: May 25, 2026
Funding available
Varies by project
Timeline
- Receipt of requests is now closed
Location
New Brunswick, Canada
Overview
A fully refundable tax credit supports research activities in New Brunswick. It applies to eligible SR&ED expenditures, including experimental development, applied research, basic research, and support work.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Conduct research and development activities
Eligible Funding
- Varies by project
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
- Experimental development to create or improve materials, devices, products, or processes.
- Applied research with a specific practical application.
- Basic research to advance scientific knowledge without immediate application.
- Support work directly related to eligible SR&ED activities.
Documents Needed
- T2 corporate income tax return.
- Completed T2SCH360 schedule.
Eligibility
Who is eligible?
- Corporations with a permanent establishment in New Brunswick.
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
- Wages and salaries linked to SR&ED.
- Materials, equipment, and overhead costs.
- Other current or capital SR&ED expenditures.
Eligible geographic areas
- New Brunswick
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?
A fully refundable tax credit supports research activities in New Brunswick. It applies to eligible SR&ED expenditures, including experimental development, applied research, basic research, and support work.
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:
New Brunswick corporation with a permanent establishment.
Eligible SR&ED expenditures.
Qualifying research work only.
What expenses are eligible under New Brunswick Research and Development Tax Credit?
Experimental development to create or improve materials, devices, products, or processes.
Applied research with a specific practical application.
Basic research to advance scientific knowledge without immediate application.
Support work directly related to eligible SR&ED activities.
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), Canada Revenue Agency (CRA)