Atlantic Provinces -> New Brunswick -> Personal Tax Credits -> Seniors' Home Renovation Tax Credit
As announced in the NB 2015 Budget, a new refundable personal income tax credit is available for 2015 and later tax years, for renovations to your principal residence, which is the home you primarily live in. The credit is 10% of eligible renovation expenses, to a maximum of $1,000. The credit is not affected by your income level, and can be claimed on your personal income tax return for the year.
You are eligible for this credit if, on the last day of the tax year, you are:
- a resident of New Brunswick, and
Eligible renovation expenses are renovations or alterations that help a senior by:
- improving access to the home or land,
The NB Seniors' Home Renovation Tax Credit is included in the 2015 Canadian Tax and RRSP Savings Calculator.
For more information, and for a lists of eligible and non-eligible expenses, see New Brunswick Seniors' Home Renovation Tax Credit on the NB Finance website.
Revised: June 19, 2016
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