Non-Residents of Canada
Company Formation in New Brunswick
Corporate Income Tax
New Brunswick corporate income tax rates apply to companies with business activities in New Brunswick. The provincial corporate income tax is calculated on taxable income amount. The federal government defines the calculation of taxable income including net income, capital cost allowance and various tax deductions. Both federal and provincial corporate income taxes are collected through the annual tax return to the Canada Revenue Agency (CRA).
There are two corporate income tax rates in New Brunswick:
The lower corporate income tax rate is 2.5 per cent (as of the 2018 tax year). This rate applies to taxable income earned in the province of Canadian-controlled private corporation up to the New Brunswick business limit of $500,000. This rate is also known as the Small Business Rate and applies to all Canadian-controlled private corporation with limited taxable capital.
The higher rate of income tax is 14 percent. This rate applies to taxable income earned in New Brunswick that does not qualify for the lower rate.
Provincial corporation tax
New Brunswick’s corporate income tax is administered and collected by the federal government through the Canada Revenue Agency. New Brunswick corporate income tax rates are applied to federally defined New Brunswick taxable income.
The small business rate applies to active business income of Canadian controlled private corporations (CCPCs) up to the threshold amount of active business income. The benefit of the small business rate is reduced for CCPCs with taxable capital of more than $10 million and is not applicable to CCPCs with more than $15 million in taxable capital. The general corporate income tax rate is applied to all other corporate income.
General Corporate Income Tax Rate
(April 1, 2016)
Small Business Corporate Income Tax Rate and Threshold
(April 1, 2016)
(April 1, 2017)
(April 1, 2018)
(*) active business income.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees,…
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your application.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit our offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.
Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.