New Brunswick

What's new for 2016?

Form NB428, New Brunswick Tax and Credits, is used to calculate your provincial tax.

Form NB(S12), New Brunswick Seniors' Home Renovation Tax Credit, is used to calculate your New Brunswick seniors' home renovation tax credit

New Brunswick tax and credits (NB428)

Tax rates for 2016

• 9.68% on the first $40,492 of taxable income, +
• 14.82% on the portion of taxable income more than $40,492 but not more than $80,985, +
• 16.52% on the portion of taxable income more than $80,985 but not more than $131,664, +
• 17.84% on the portion of taxable income more than $131,664 but not more than $150,000, +
• 20.3% on taxable income over $150,000.

Non-refundable tax credits, credits and reduction

New Brunswick offers the following credits and tax reductions which further reduce your amount of provincial tax payable:

• Age amount
• Allowable amount of medical expenses for other dependants
• Amount for an eligible dependant
• Amount for infirm dependants age 18 or older
• Amounts transferred from your spouse or common-law partner
• Basic personal amount
• CPP or QPP contributions on self-employment and other earnings
• CPP or QPP contributions through employment
• Caregiver amount
• Disability amount (for self)
• Disability amount transferred from a dependant
• Donations and gifts
• Employment insurance premiums on self-employment and other eligible earnings
• Employment insurance premiums through employment
• Interest paid on your student loans
• Labour-sponsored venture capital fund tax credit
• Low-income tax reduction – New Brunswick
• Medical expenses for self, spouse or common-law partner, and your dependent children born in 1999 or later
• Pension income amount
• Political contribution tax credit
• Provincial foreign tax credit
• Small business investor tax credit
• Spouse or common-law partner amount
• Tuition and education amounts
• Tuition and education amounts transferred from a child

New Brunswick seniors' home renovation tax credit

New Brunswick offers the New Brunswick seniors' home renovation tax credit, which is a refundable credit. Complete Schedule NB(S12) and enter the result on line 479 of your return.

For more information

If you have any questions about your income tax return, go to Individuals and families or call 1-800-959-8281.

To get forms, go to Forms and publications.

Forms and publications

• New Brunswick – General Income Tax and Benefit Package
• Form T691 – Alternative Minimum Tax
• Form T1206 – Tax on Split Income
• Form T1258 – New Brunswick Small Business Investor Tax Credit
• Form T2036 – Provincial or Territorial Foreign Tax Credit
• Form T2203 – Provincial and Territorial Taxes – Multiple Jurisdictions

Related topics

• All about your tax return
• New Brunswick child tax benefit

Provincial and territorial government partners

• New Brunswick – Department of Finance

Date modified:

2017-01-03