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New Brunswick Personal Tax Credits
New Brunswick Non-Refundable Personal Tax Credits
Non-Refundable Personal Tax Credits Tables
- federal & all provinces and territories
Dividend Tax Credits
NB Low Income Tax Reduction
NB Income Tax Act s. 49.1
 | for low income individuals and families |
| amount received depends on family net income |
| cannot exceed NB tax payable (not refundable) |
For current and past threshold amounts for the low income tax reduction, see the New Brunswick Department of Finance Personal Income Tax page.
See Canada Revenue Agency (CRA) form NB428 from the New Brunswick General Income Tax and Benefit Package page for detailed calculation.
New Brunswick Low-Income Seniors' Benefit
As proposed by the New Brunswick 2024 Budget, this benefit is being permanently increased to $600 from $400 effective January 1, 2024, and will be indexed for inflation each year beginning 2025.
To qualify for the $600 annual benefit, an applicant must have been a resident of New Brunswick on December 31 of the previous year, and a recipient of a benefit under the Old Age Security Act (Canada), notably:
| the federal Guaranteed Income Supplement (GIS) during the prior year (must be 65 years or older |
| the federal Allowance for the Survivor during the prior year (must be between 60-64 years old) or |
| the federal Allowance during the prior year (must be between 60-64 years old) |
When both spouses receive the GIS and reside in the same household, only one benefit will be granted. However, if the spouses live separately, such as when one is in a nursing home, both will be eligible for the benefit.
See Low-Income Seniors' Benefit on the NB website.
New Brunswick Volunteer Firefighter, Search and Rescue Tax Credit
As proposed by the New Brunswick 2024 Budget, a credit of $5,000 can be claimed, starting in the 2024 taxation year, for those eligible to claim the Federal Volunteer Firefighter or Search & Rescue Tax Credit. As with the federal credit, only 1 credit can be claimed.
New Brunswick Refundable Personal Tax Credits
NB Seniors' Home Renovation Tax Credit
NB Tuition Tax Cash Back Credit (Tuition Rebate) - Repealed
New Brunswick Tuition Tax Cash Back Credit Act - repealed Jan 1, 2016
As announced in the NB 2015 Budget, the Tuition Rebate is being eliminated. Individuals may apply until December 31, 2015 for the 2014 taxation year. As of January 2016, no more applications will be accepted, and credits are not carried forward after December 31, 2015.
The New Brunswick tuition tax cash back credit is available to taxpayers who:
| graduated from an eligible post-secondary institution from anywhere in the world |
| have incurred full or part-time tuition costs at eligible post-secondary institutions in 2005 or later years |
| are a resident of New Brunswick |
| file a New Brunswick personal income tax return, and |
| have New Brunswick income tax payable |
Eligible institutions are those for which the federal/provincial tuition tax credit is available, which includes Canadian and some foreign post-secondary institutions.
The tuition tax rebate:
| is for 50% of eligible tuition costs incurred from January 1, 2005 |
| is a maximum of $4,000 per year ($2,000 in 2008 and earlier years - revised by the NB 2009 Budget) |
| cannot exceed NB income tax payable each year, but remaining credits can be carried forward |
| has a lifetime maximum rebate of $20,000 |
| must be claimed within 20 years, starting with and including the first year you paid tuition to apply for your rebate |
| may not be transferred to anyone else |
| does not affect the current tuition and education amount tax credits |
| can be claimed for the first time when tax returns are filed for the 2006 tax year |
For more information, see the Tuition Rebate web page on the Government of New Brunswick website.
Revised: September 20, 2024