Form T2 Schedule 367 New Brunswick Small Business Investor Tax Credit (2014 and Later Tax Years) - Canada

Form T2 Schedule 367 is used in Canada for claiming the New Brunswick Small Business Investor Tax Credit for the tax years 2014 and onwards. This credit is available for eligible individuals who have invested in qualifying small businesses in the province of New Brunswick.

The Form T2 Schedule 367 is filed by eligible small businesses in New Brunswick, Canada.

FAQ

Q: What is the T2 Schedule 367?
A: T2 Schedule 367 is a form used in Canada for claiming the New Brunswick Small Business Investor Tax Credit.

Q: What is the purpose of the New Brunswick Small Business Investor Tax Credit?
A: The purpose of the New Brunswick Small Business Investor Tax Credit is to incentivize individuals and corporations to invest in small businesses in New Brunswick, Canada.

Q: Who is eligible for the New Brunswick Small Business Investor Tax Credit?
A: Individuals and corporations who have made eligible investments in small businesses in New Brunswick may be eligible for the tax credit.

Q: What is considered an eligible investment for the New Brunswick Small Business Investor Tax Credit?
A: An eligible investment for the tax credit is an investment made in an eligible small business that has been certified by the Government of New Brunswick.

Q: How much is the tax credit for the New Brunswick Small Business Investor Tax Credit?
A: The tax credit amount varies, but it is generally a percentage of the eligible investment made in a certified small business.

Q: Is there a limit to the amount of tax credit that can be claimed?
A: Yes, there is a limit to the amount of tax credit that can be claimed. The specific limit may vary depending on the year and other factors.

Q: How do I claim the New Brunswick Small Business Investor Tax Credit?
A: To claim the tax credit, you must complete T2 Schedule 367 and include it with your corporate income tax return.

Q: What is the deadline for claiming the New Brunswick Small Business Investor Tax Credit?
A: The deadline for claiming the tax credit is typically the same as the filing deadline for your corporate income tax return.

Q: Are there any other requirements or conditions for claiming the New Brunswick Small Business Investor Tax Credit?
A: Yes, there may be other requirements and conditions for claiming the tax credit. It is recommended to refer to the instructions provided with T2 Schedule 367 or consult a tax professional for guidance.