Funding & Tax Credits

At Ignite, we make it our business to know the details of the wide-ranging and varying funding landscape in New Brunswick. We help new, established, and growing businesses match with funders that help them achieve their goals.

In addition to established funding programs, Ignite has a vast network of established businesses and entrepreneurs to tap into to explore private investment opportunities.

Contact our team to get started. 

Funding and Incentives

Fredericton offers a vast array of competitive funding opportunities and business incentives for entrepreneurs, investors, and existing businesses. From payroll rebates to export funding programs, we can help tailor incentive and funding programs that match your business objectives.

Ignite offers unparalleled support during initial investment phases, including physical space in Knowledge Park, New Brunswick’s premiere technology campus.

Contact Adam to discuss the types of funding and incentives available to help jumpstart your investment in Fredericton.

Tax Credits

Canada has the most tax-competitive marginal effective tax rate (METR) for capital investment of any country in the G7. New Brunswick also offers a number of personal tax credits for entrepreneurs to encourage investment and reduce taxes for business owners and investors.

Corporate Tax CreditsPersonal Tax Credits for Entrepreneurs
Provincial R&D Tax Credits
The fully-refundable 15% New Brunswick Research and Development tax credit applies to Scientific Research and Experimental Development expenditures.
Dividend Tax Credit
New Brunswick’s enhanced dividend tax credit means investors and entrepreneurs pay the lowest tax rate East of Saskatchewan on eligible dividend income.
Provincial Sales Tax Rebate
The entire 13% sales tax (or value-added tax VAT) on business inputs and purchases is a refundable tax credit for most businesses in New Brunswick.
Foreign Tax Credit
When foreign taxes paid exceeds the amount of the federal foreign tax credit, New Brunswick residents may claim the provincial foreign tax credit.
Heritage Tax Abatement Program
New Brunswick offers tax credits for restoring and re-using designated historic places.
NB Labor-Sponsored Venture Capital Tax Credit
New Brunswick is one of the only provinces in Canada to offer a LSVC tax credit to encourage individual investment and to maintain a variety of sources of capital for business.
Federal Investment Tax Credit
Atlantic Canadian businesses can qualify for a tax credit of 10% of net investment in equipment and buildings in manufacturing, processing, mining, oil and gas, logging, farming, and fishing.
NB Small Business Investor Tax Credit
New Brunswick offers the most generous small business investor tax credit in Atlantic Canada, providing a 50% non-refundable personal income tax credit of up to $125,000 per year (for investments of up to $250,000) to eligible individuals who invest in eligible NB small businesses.
Scientific Research and Experimental Development Program (SR&ED)
The SR&ED Program allows a Canadian-controlled private corporation to earn refundable investment tax credits of 35% up to the first $3 million of qualified expenditures for SR&ED carried out in Canada, and 20% on any excess amount.
 
Foreign Tax Credit
Corporations that have foreign source income and are resident in Canada at any time in the year are eligible for a credit on foreign taxes paid.