Investing in Atlantic Canada: NB Increases Small Business Investor Tax Credit Rate
April 2, 2015
By Marie-Claude Blais, former lawyer at McInnes Cooper
On March 31, 2015 the NB Government announced an increase to the tax credit rate for individual investors under the NB Small Business Investor Tax Credit Program. For investments made after March 31, 2015 the rate will be 50% for eligible investments by eligible individual investors under the Program, up from 30%, and the maximum tax credit will increase to $125,000 from $75,000 /year. Read the NB Government’s March 31, 2015 press release.
Each Atlantic Canadian Province has some form of an investor tax credit program. We’ll only know if other Atlantic Canadian Provinces will adjust their respective program as and when they release their 2015-2015 budgets.
To learn more about the NB Small Business Investor Tax Credit Program and similar programs in each Atlantic Canadian Province, read McInnes Cooper’s December 9, 2014: Investing in Atlantic Canada – 5 Investor FAQs About Atlantic Canada’s Small Business Investor Tax Credit Programs here.
Read McInnes Cooper’s: Investing in Atlantic Canada – 5 Investee FAQs About Atlantic Canada’s Small Business Investor Tax Credit Programs to learn more.
Please contact your McInnes Cooper lawyer or any member of our McInnes Cooper Small Business Team to discuss this topic or any other legal issue.
McInnes Cooper has prepared this document for information only; it is not intended to be legal advice. You should consult McInnes Cooper about your unique circumstances before acting on this information. McInnes Cooper excludes all liability for anything contained in this document and any use you make of it.
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