Canada Incorporation
Non-Residents of Canada

British Columbia
Canada Federal
New Brunswick
Nova Scotia

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.

New Brunswick
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

2014 2015 2016
(April 1, 2016)
2017 2018 2019 2020 2021 2022
12% 12% 14% 14% 14% 14% 14% 14% 14%

Small Business Corporate Income Tax Rate and Threshold

2014 2015
(Jan. 1,
(April 1, 2016)
(April 1, 2017)
(April 1, 2018)
2019 2020 2021 2022
Small Business
4.5% 4% 3.5% 3% 2.5% 2.5% 2.5% 2.5% 2.5%
Small Business
limit (*)
$500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

(*) active business income.

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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.

TBA & Associates Tax Business Advisors does not carry out any sort of Cryptocurrency Business Trade