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The New Brunswick Dividend Tax Credit is a non-refundable personal income tax credit.
Effective for dividends paid after December 31, 2005 and before January 1, 2007, the New Brunswick Dividend Tax Credit 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 12%.
- Dividends paid from income taxed at the small
business rate receive a 3.7% New Brunswick Dividend Tax Credit.
Effective for dividends paid on or after January 1, 2007, as announced in the 2007-2008 Budget, 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 will continue to receive a New Brunswick Dividend Tax Credit of 12%.
- Dividends paid from income taxed at the small business rate will receive a 5.3% New Brunswick Dividend Tax Credit.
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