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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
The Form T1258 New Brunswick Small Business Investor Tax Credit is a tax credit available to individuals who invest in eligible small businesses in New Brunswick, Canada. It is aimed at encouraging investment in local businesses and promoting economic growth in the province. The tax credit can help reduce the individual's tax liability.
The Form T1258 New Brunswick Small Business Investor Tax Credit in Canada is filed by individuals or corporations who have claimed the New Brunswick Small Business Investor Tax Credit.
FAQ
Q: What is Form T1258?
A: Form T1258 is the form used to claim the New Brunswick Small Business Investor Tax Credit 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 are eligible for this tax credit.
Q: How much is the tax credit?
A: The tax credit is 50% of the amount invested, up to a maximum of $125,000 per year.
Q: How do I claim the tax credit?
A: You can claim the tax credit by completing Form T1258 and including it with your income tax return.
Q: Are there any restrictions on the tax credit?
A: Yes, there are certain restrictions and eligibility criteria that must be met in order to claim the tax credit. This includes a maximum investment limit and specific criteria for eligible small businesses.
