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BUSINESS TAXATIONSMALL BUSINESS INVESTOR TAX CREDITThis credit offers a 30% non-refundable personal income tax credit of up to $75,000 per year oneligible investments made by eligible investors.RESEARCH AND DEVELOPMENT TAX CREDITNew Brunswick’s 15% R&D tax credit is fully refundable, meaning that the credit benefits NewBrunswick corporations even if the corporation does not have provincial tax owing. The refundamount is equal to the amount of credit in excess of tax otherwise payable under the NewBrunswick Income Tax Act. The credit does not have to be carried forward or back because it isfully refundable.PROVINCIAL SALES TAX REBATEBecause New Brunswick has combined its provincial sales tax rate with the federal rate, theentire 13% sales tax on business inputs and purchases is a refundable tax credit for mostbusinesses.NEW BRUNSWICK MULTIMEDIA INITIATIVEIn support of New Brunswick-based production companies and, in an effort to encourage andfacilitate training and hiring of New Brunswick human resources, the province is providingfunding of 25% to 30% of eligible expenditures incurred in New Brunswick, depending on theproject genre and company eligibility. Total provincial contributions will not exceed 30% on any production.Eligible costs are generally defined as expenditures where salaries, goods and/or services arepaid for, purchased and consumed in New Brunswick, including airfare. In cases where a goodor service is deemed essential to the production, but is not available in New Brunswick (such asfilm stock), an amount may be permitted given documented proof that the good or service inquestion is not available in New Brunswick.DIGITAL MEDIA DEVELOPMENT PROGRAM (“DMDP”)To encourage the growth of New Brunswick’s video game sector, the DMDP assists NewBrunswick companies to develop intellectual property by providing an annual payroll rebate foreligible full-time positions. The assistance is in the form of a non-repayable annual payrollrebate. The DMDP provides a 30% salary rebate up to a maximum of $15,000 per full-timeemployee per year. The rebate is provided for production employees who are, for tax purposes,New Brunswick residents. The rebate is limited to a maximum of $500,000 per company peryear.Business Incentives 166