All the information you need to calculate your New Brunswick tax and credits is included on the following pages. You will find two copies of Form NB428, New Brunswick Tax, and Form NB479, New Brunswick Credits, along with the instructions on how to complete them. Complete the forms that apply to you and attach a copy to your return.

What's new for 2001?

The New Brunswick tax tables have changed. The tax rates have been reduced and the New Brunswick high-income surtax has been replaced by a new tax bracket for taxable income over $100,000.

The provincial non-refundable tax credits have been increased and indexed to match the federal non-refundable tax credit amounts.

The applicable rates for the dividend, overseas employment, and minimum tax carryover tax credits have been revised.

A new low-income tax reduction has been provided to help reduce the amount of New Brunswick tax for low-income individuals and families. Your spouse or common-law partner can claim any unused portion of the reduction.

Form NB428, New Brunswick Tax, reflects these changes.

New Brunswick Child Tax Benefit

The New Brunswick Child Tax Benefit (NBCTB) is a tax-free monthly payment made to qualifying families with children under age 18 living at home. The New Brunswick Working Income Supplement (NBWIS) is an additional benefit paid to qualifying families with earned income who have children under age 18. Benefits are combined with the Canada Child Tax Benefit (CCTB) into a single monthly payment.

Under the NBCTB, you may be entitled to receive a basic annual benefit of $250 for each child under age 18 ($20.83 per month). The amount of the basic benefit is reduced if your family net income is more than $20,000.

The NBWIS is an additional annual benefit of up to $250 per family ($20.83 per month). It is phased in once family earned income is more than $3,750 and reaches the maximum benefit at $10,000. Families with net income between $20,921 and $25,921 may receive part of the supplement.

You do not have to apply separately to receive payments under this program. We will use the information from your CCTB application to determine your eligibility for the program.

You (and your spouse or common-law partner) should file your 2001 tax return(s) as soon as possible. The information you (and your spouse or common-law partner's) give on your return(s) will determine how much you will get starting in July 2002.

This program is fully funded by the Province of New Brunswick. For more information, call 1-800-387-1193.

If you have questions…

If you have questions about New Brunswick tax and credits, contact the Canada Customs and Revenue Agency (CCRA) at 1-800-959-8281.

The address and telephone numbers of your tax services office are listed in the federal government section of your telephone book and on the CCRA's Web site at www.ccra.gc.ca/tso/ .