New Brunswick IFTA Information
New Brunswick is one of the three Maritime provinces and is the only Canadian province that is constitutionally bilingual. Currently to obtain an IFTA license in New Brunswick you must complete and submit an application to The New Brunswick Finance Department. All fees are assessed based on the number of motor vehicles operating in the IFTA jurisdictions along with a $25 fee for each set of decals.
Requirements for IFTA New Brunswick Licensing
New Brunswick is one of ten Canadian provinces that are members of the International Fuel Tax Agreement. If you are new to the trucking industry and plan to operate out of New Brunswick, the IFTA regulations may apply to you. To determine if you qualify for an IFTA New Brunswick license, check the following guideline:
- Is your business based in New Brunswick and all operational controls and records maintained in or can be made available in the province?
- Will you accrue mileage in New Brunswick and at least one other IFTA member jurisdiction?
- Do you operate a qualifying motor vehicle(s)?
A qualifying motor vehicle is one that has two axles with a GVW or registered weight that exceeds 26,000 pounds; or, has three or more axles regardless of weight; or, is used in combination when the GVW or registered weight of said combination exceeds 26,000 pounds.
You also need to know about exemptions. For instance, exemptions are determined depending on where you drove or purchased fuel. In some jurisdictions, areas such as private roads, toll roads, or Indian reservations qualify for an exemption. Also, some types of fuel are exempt in some provinces, and certain vehicles are exempt in most areas.
When you receive your IFTA permit and IFTA decals, make sure a copy of the license is carried inside each vehicle in your fleet. One IFTA decal should be displayed on each side of the cab’s exterior. Becoming an IFTA licensee comes with a few other responsibilities. You’ll need to keep track of all receipts or other supporting documents for fuel purchases and miles traveled in each jurisdiction. This information will be needed when you file the quarterly IFTA fuel tax reports. The due dates for filing are as follows:
Quarterly IFTA Due Dates
|Q1 January – March||April 30|
|Q2 April – June||July 31|
|Q3 July – September||October 31|
|Q4 October – December||January 31|
It’s vital that you submit the quarterly reports before the due date to avoid penalties. A penalty of $50, or 10% of the total tax liability is possible if you miss the filing date. The delinquency can also prevent the renewal of your license.
Renewing Your New Brunswick IFTA License
New Brunswick IFTA licenses are issued for one year, expiring on December 31st. You are advised to submit the renewal application before November 30th to avoid any delays in receiving your IFTA permit and decals. Even though there is an IFTA sticker grace period that extends through February, you will not qualify for the extension if you have not submitted the renewal application on time.
How TruckingOffice Can Help
The IFTA was created to simplify the process of collecting and disbursing fuel use taxes. But, it still presents many truckers with a lot of headaches and unwanted paperwork. If you are interested in an easier way to manage the administrative aspects of your trucking business, we have the solution. With our TruckingOffice program, you can relax knowing all your invoices, dispatches, fuel use, vehicle maintenance, IFTA reports, and more are safe in one place. Your miles are calculated automatically using PC*Miler. Plus, we make it easy for you to access your information anytime. Call today and learn more about how we can help you save time and increase profits. Start filing your IFTA the easy way today!