New Brunswick harmonized sales tax credit - calculation sheet

You can download a calculation sheet in .pdf format.

Step 1 – Basic benefit

• $300 plus

• $300 for spouse / common-law partner or

• $300 for an eligible child in a single parent family plus

• $100 per child

Step 2 – Credit reduction

Subtract $35,000 from your adjusted family net income for the year (if negative, the result is zero).

Multiply the result by 2%.

Step 3 – Annual NBHSTC amount

Subtract the result of Step 2 from the result of Step 1.

Note

If the result of Step 3 is $2 or less, no payment will be issued.

Step 4 – Quarterly NBHSTC amount

Divide the result of Step 3 by 4.

Date modified:

2016-06-27