Government of New Brunswick
  • Description
  • Contacts
  • Overview

    The New Brunswick Labour Sponsored Venture Capital (LSVC) tax credit is a personal non-refundable income tax credit provided for purchases of approved shares in prescribed LSVC corporations.

    Eligibility

    New Brunswick taxpayers who purchase approved shares of prescribed NB LSVC corporations are eligible for a non-refundable tax credit up to a maximum credit value per year. These shares must be held for eight years; otherwise, the tax credit amount must be re-paid.

    Description

    The credit is non-refundable which means it can only be used to reduce provincial income tax owing.

    The federal government offers a similar non-refundable personal income tax credit up to a yearly maximum for federally approved LSVC corporations.

    For purposes of the NB tax credit, eligible LSVC corporations are required to be prescribed in the New Brunswick Regulation 2001-11 under the New Brunswick Income Tax Act.

    Please note: LSVC shares may be eligible for RRSP deductions.

    For additional information, see Tax Credits - Labour Sponsored Venture Capital Tax Credit in Related Links.

    Contact Email Location
    Fredericton