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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T1258
for the current year.
Form T1258 New Brunswick Small Business Investor Tax Credit - Canada
Form T1258 is a tax form used in Canada for claiming the New Brunswick Small Business Investor Tax Credit. This credit is available to individuals who have invested in eligible small businesses located in New Brunswick. It provides a tax credit to incentivize investment and support the growth of small businesses in the province.
The form T1258 for the New Brunswick Small Business Investor Tax Credit in Canada is filed by eligible individuals or corporations who have invested in qualifying small businesses in New Brunswick.
FAQ
Q: What is Form T1258?
A: Form T1258 is a tax form used in Canada.
Q: What is the New Brunswick Small Business Investor Tax Credit?
A: The New Brunswick Small Business Investor Tax Credit is a tax credit available to individuals who invest in eligible small businesses in New Brunswick, Canada.
Q: Who is eligible for the New Brunswick Small Business Investor Tax Credit?
A: Individuals who invest in eligible small businesses in New Brunswick, Canada are eligible for the tax credit.
Q: What is the purpose of the New Brunswick Small Business Investor Tax Credit?
A: The purpose of the tax credit is to incentivize individuals to invest in small businesses in New Brunswick, promoting economic growth and job creation.
Q: How much is the New Brunswick Small Business Investor Tax Credit?
A: The tax credit is equal to 50% of the eligible investment, up to a maximum of $125,000 per year.
Q: How do I claim the New Brunswick Small Business Investor Tax Credit?
A: To claim the tax credit, you need to complete and file Form T1258 with your annual tax return.
Q: What documentation do I need to claim the New Brunswick Small Business Investor Tax Credit?
A: You will need to include the relevant information regarding your investment in eligible small businesses in New Brunswick, as well as any supporting documentation requested on Form T1258.
Q: Are there any restrictions on claiming the New Brunswick Small Business Investor Tax Credit?
A: Yes, there are certain restrictions and requirements that must be met in order to claim the tax credit. It is recommended to review the instructions on Form T1258 or consult with a tax professional for guidance.
