New Brunswick Clean Tech, Green & Manufacturing Credits (2025 Guide)
New Brunswick businesses can take advantage of a range of tax credits, incentives, and grants to invest in clean technology, sustainable manufacturing, and environmental upgrades. These programs are designed to encourage innovation, reduce emissions, and make NB businesses more competitive and sustainable. Many incentives are stackable with generous federal programs such as the Accelerated Investment Incentive and Clean Technology Investment Tax Credit.
Key New Brunswick Clean Tech, Green & Manufacturing Incentives
- New Brunswick Manufacturing and Processing Investment Credit – A non-refundable NB corporate tax credit for eligible capital investments in manufacturing and processing equipment. Qualifying assets must be primarily used in NB, and the credit can be claimed against NB corporate tax.
- Clean Technology and Green Equipment Grants – NB Power, Opportunities NB, and various provincial/federal programs offer grants and rebates for businesses upgrading to energy-efficient, low-emission, or renewable technology (solar, wind, advanced HVAC, waste-to-energy, etc.).
- Accelerated Capital Cost Allowance (CCA) – Enhanced federal tax write-offs for clean energy equipment (Classes 43.1/43.2), with NB conforming for provincial tax. This can dramatically lower the cost of green investments.
- NB PST Exemptions – Some clean tech and manufacturing equipment purchases may qualify for PST/HST exemptions or rebates in NB, reducing the upfront cost of upgrades.
- Canada-wide Clean Technology Investment Tax Credit (ITC) – Stackable with NB incentives, the federal Clean Tech ITC provides a refundable tax credit for eligible clean technology property acquired and used in NB.
Tip: Many NB clean tech and manufacturing credits require you to claim on your T2 corporate tax return using specific NB schedules (e.g., NB428, NB479) and keep detailed records of all eligible expenditures. Some programs require pre-approval or application before incurring costs.
Eligibility & Application: Who Can Claim?
Eligible Businesses: Incorporated companies, manufacturers, processors, renewable energy firms, and businesses investing in green upgrades in New Brunswick. Some grants are open to partnerships and not-for-profits.
Qualifying Expenditures:
- Purchase and installation of new machinery or equipment primarily for manufacturing, processing, or clean energy production
- Expenditures on solar, wind, geothermal, battery, or energy storage systems
- Energy efficiency upgrades (lighting, HVAC, insulation, smart controls, etc.)
- Waste reduction, recycling, or water treatment systems
Claim Process:
- For tax credits: Attach the appropriate NB provincial schedule(s) to your T2 (corporate) tax return. Keep invoices, contracts, and technical specs on file.
- For grants/rebates: Apply through the relevant provincial or NB Power program before starting the project. Some programs may require site visits or pre-approval.
- For federal Clean Tech ITC or CCA: File using the applicable federal forms and ensure you coordinate claims to maximize both NB and federal benefits.
Federal Programs Stackable With NB Clean Tech Incentives
- Accelerated Investment Incentive (AII) – 100% write-off for eligible clean tech property in the first year.
- Clean Technology Investment Tax Credit (ITC) – Up to 30% refundable federal tax credit for Canadian-controlled private corporations (CCPCs) investing in eligible clean technology.
- Climate Action Incentives – Rebates and grants for green investments and emission reductions, stackable in NB.
Frequently Asked Questions (FAQ)
Can I combine NB clean tech credits with federal grants?
Yes. Most NB business tax credits and grants for clean tech can be combined with federal programs, such as the Clean Technology ITC and AII, for a much larger total benefit. However, you must coordinate your claims to avoid double-dipping on the same expenditure.
Do I need to apply before purchasing equipment?
For many grants and some NB Power incentives, yes—pre-approval is required. For tax credits, you generally claim after the purchase, but must keep all supporting documents and meet eligibility rules.
Can sole proprietors or partnerships claim NB clean tech tax credits?
Most NB business tax credits require corporate status, but some grants and rebates are open to partnerships or sole proprietors. Always check the program’s eligibility criteria.
Where can I find official forms and more info?
Visit the NB Department of Finance, Opportunities NB, and NB Power for detailed program information, forms, and deadlines.