The New Brunswick Dividend Tax Credit is a non-refundable personal income tax credit.
Effective for dividends paid after December 31, 2016 and before January 1, 2018, the New Brunswick Dividend Tax structure is as follows:
- Eligible dividends, as defined by the federal government, paid from corporate income taxed at the general corporate income tax rate receive a New Brunswick Dividend Tax Credit of 14%.
- Dividends paid from income taxed at the small business rate receive a 3.245% New Brunswick Dividend Tax Credit.
Effective for dividends paid after December 31, 2017 and before January 1, 2019, the New Brunswick Dividend Tax structure is as follows:
- Eligible dividends, as defined by the federal government, paid from corporate income taxed at the general corporate income tax rate receive a New Brunswick Dividend Tax Credit of 14%.
- Dividends paid from income taxed at the small business rate receive a 2.853% New Brunswick Dividend Tax Credit.
Effective for dividends paid on or after January 1, 2019, the New Brunswick Dividend Tax structure is as follows:
- Eligible dividends, as defined by the federal government, paid from corporate income taxed at the general corporate income tax rate receive a New Brunswick Dividend Tax Credit of 14%.
- Dividends paid from income taxed at the small business rate receive a 2.75% New Brunswick Dividend Tax Credit.