N.B. lowers its small business corporate income tax rate

New Brunswick's small business corporate income tax rate has been lowered to 2.5 per cent.

Finance Minister Cathy Rogers says reducing the rate will help small businesses compete, invest and create jobs.

The government says the reduction marks the fourth cut to the tax rate since January 2015, when it was 4.5 per cent.

The province has also increased the Small Business Investor Tax Credit for individual investors to 50 per cent, up from 30 per cent.