The information on this page will help you complete Form NB428, New Brunswick Tax, and Form NB479, New Brunswick Credits. It will also help you determine whether you are eligible to claim New Brunswick credits.

Form NB428, New Brunswick Tax

Complete Form NB428 if you were a resident of New Brunswick at the end of the year. The term end of the year means December 31, 2000, the date you left Canada if you emigrated in 2000, or the date of death for a person who died in 2000.

You also have to complete Form NB428 if you were a non-resident of Canada in 2000 and you earned income from employment in New Brunswick, or received income from a business with a permanent establishment in New Brunswick.

If you had income from a business with a permanent establishment outside New Brunswick, complete Form T2203, Provincial and Territorial Taxes for 2000 - Multiple Jurisdictions, before you complete Form NB428.

Line 14 - New Brunswick tax on split income

Certain income of a child who was under 18 on December 31, 2000, is subject to a special tax. For details on the types of income to which this tax applies, see page 14 in the General Income Tax and Benefit Guide.

If you are under 18 and have to pay tax on split income, complete Part 2 of Form T1206, Tax on Split Income, to calculate the provincial tax that applies to this income. Form T1206 also contains a special rule that applies to the amount you enter on line 428 of your return.

Form NB479, New Brunswick Credits

Political contribution tax credit

You can deduct part of the contributions you made in 2000 to political parties, district associations, or independent candidates registered in New Brunswick.

How to claim

Enter your total contributions on line 1 of Form NB479.

Determine the amount to enter on line 2 as follows:

• For contributions of $100 or less, complete column 1 in the following chart.
• For contributions of more than $100 but not more than $550, complete column 2 in the following chart.
• For contributions of more than $550 but not more than $1,150, complete column 3 in the following chart.
• For contributions of more than $1,150, enter $500 on line 2 of Form NB479.

Receipts - Attach to your paper return official receipts signed by the official representative of the political party, district association, or independent candidate. If you are using NETFILE, keep the receipts in case we ask to see them.

Stock savings plan tax credit

You may be able to claim a tax credit of up to 30% of your investment in a new issue of eligible shares of public companies operating in New Brunswick. Enter on line 5 of Form NB479 the credit shown on Certificate NB-SSP-1. Attach Certificate NB-SSP-1 to your paper return. If you are using NETFILE, keep it in case we ask to see it.

You can carry forward unused credits for seven years. Your Notice of Assessment or Notice of Reassessment for 1999 shows your unused stock savings plan tax credit from previous years. Your Notice of Assessment for 2000 will show the amount you can carry forward to 2001.

Labour-sponsored venture capital fund tax credit

You may be able to claim a credit for investments you made in a labour-sponsored venture capital corporation in 2000 (that you did not claim on your 1999 return), or in the first 60 days of 2001.

Enter on line 13 of Form NB479 the credit shown on Certificate NB-LSVC-1 to a maximum of $750. Attach Certificate NB-LSVC-1 to your paper return. If you are using NETFILE, keep it in case we ask to see it.

You are also eligible for a federal tax credit. For details, see lines 413 and 414 in the General Income Tax and Benefit Guide.