New Brunswick Tax and Credits

Form NB428

2024

Protected B when completed

For more information about this form, go to canada.ca/nb-tax-info.

Part A – New Brunswick tax on taxable income

Enter your taxable income from line 26000 of your return.

Use the amount from line 1 to complete the appropriate column below.

Line 1 is more than

Line 1 is

$49,958 but not

$99,916 but not

Line 1 is more

$49,958 or less

more than $99,916

more than $185,064

than $185,064

Amount from line 1

–

Line 2 minus line 3 (cannot be negative)

Line 4 multiplied by the percentage

x 9.4%

x 14%

x 16%

x 19.5%

from line 5

Line 6 plus line 7

New Brunswick tax

on taxable income

Enter the amount from line 8 on line 54 and continue at line 9.

Part B – New Brunswick non-refundable tax credits

Internal use

56030

Basic personal amount

Claim $13,044

58040

Age amount (if you were born in 1959 or earlier) (use Worksheet NB428)

(maximum $5,878)

58080

Spouse or common-law partner amount:

Base amount

Your spouse's or common-law partner's net income

from line 23600 of their return

–

Line 11 minus line 12 (if negative, enter "0")

(maximum $10,223)

58120

►

Amount for an eligible dependant:

Base amount

Your eligible dependant's net income from line 23600 of their return

–

Line 14 minus line 15 (if negative, enter "0")

(maximum $10,223)

58160

►

Amount for infirm dependants age 18 or older (use Worksheet NB428)

58200

Add lines 9, 10, 13, 16, and 17.

CPP or QPP contributions:

Amount from line 30800 of your return

58240

•19

Amount from line 31000 of your return

58280

•20

Employment insurance premiums:

Amount from line 31200 of your return

58300

•21

Amount from line 31217 of your return

58305

•22

Volunteer firefighters' amount

58315

Search and rescue volunteers' amount

58316

Add lines 19 to 24.

►

Line 18 plus line 25

5004-C E(24)

(Ce formulaire est disponible en français.)

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Protected B when completed

Part B – New Brunswick non-refundable tax credits (continued)

Amount from line 26 of the previous page

Pension income amount

(maximum $1,000)

58360

Caregiver amount (use Worksheet NB428)

58400

Add lines 27 to 29.

Disability amount for self

(claim $9,747 or, if you were under 18 years of age, use Worksheet NB428)

58440

Disability amount transferred from a dependant(use Worksheet NB428)

58480

Add lines 30 to 32.

Interest paid on your student loans (amount from line 31900 of your return)

58520

Your tuition and education amounts (attach Schedule NB(S11))

58560

Tuition amounts transferred from a child or grandchild

58600

Amounts transferred from your spouse or common-law partner (attach Schedule NB(S2))

58640

Add lines 33 to 37.

Medical expenses:

Amount from line 33099 of your return

58689

Amount from line 23600 of your return

Applicable rate

x 3%

Line 40 multiplied by the percentage from line 41

Enter whichever is less: $2,724 or the amount on line 42.

–

Line 39 minus line 43 (if negative, enter "0")

Allowable amount of medical expenses for other dependants

(use Worksheet NB428)

58729

Line 44 plus line 45

58769

►

Line 38 plus line 46

58800

New Brunswick non-refundable tax credit rate

x 9.4%

Line 47 multiplied by the percentage from line 48

58840

Donations and gifts:

Amount from line 13 of your federal

Schedule 9

x 9.4% =

Amount from line 14 of your federal

Schedule 9

x 17.95% =

Line 50 plus line 51

58969

►

Line 49 plus line 52

Enter this amount on line 57.

New Brunswick non-refundable tax credits

61500

Part C – New Brunswick tax

New Brunswick tax on taxable income from line 8

New Brunswick tax on split income (complete Form T1206)

61510

•55

Line 54 plus line 55

New Brunswick non-refundable tax credits from line 53

–

Line 56 minus line 57 (if negative, enter "0")

5004-C E (24)

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Protected B when completed

Part C – New Brunswick tax (continued)

Amount from line 58 of the previous page

New Brunswick dividend tax credit (use Worksheet NB428)

61520

•60

New Brunswick minimum tax carryover:

Amount from line 40427 of your return

x 57% =

61540

•61

Line 60 plus line 61

►

–

Line 59 minus line 62 (if negative, enter "0")

New Brunswick additional tax for minimum tax purposes:

Form T691: line 145 minus line 146

x 57% =

Line 63 plus line 64

Provincial foreign tax credit (complete Form T2036)

–

Line 65 minus line 66 (if negative, enter "0")

New Brunswick low-income tax reduction

If you had a spouse or common-law partner on December 31, 2024, you and your spouse or
common-law partner need to decide who will claim this tax reduction for your family. Any unused
amount from line 90 can be claimed by the other spouse or common-law partner on line 68 of their
Form NB428.

Unused low-income tax reduction from your spouse or common-law partner:

Amount from line 90 of your spouse's or common-law partner's Form NB428, if any

61560

–

•68

Line 67 minus line 68 (if negative, enter "0")

Enter this amount on line 76 of the next page.

If you claimed an amount on line 68, enter the amount from line 69 on line 87 and continue on
line 91. If not, continue below.

You are eligible to claim the low-income tax reduction if either of the following applies:

•

You are single and your net income from line 23600 of your return is less than $47,376

•

You have an eligible dependant or spouse or common-law partner and your adjusted family
income (calculated using the chart below) is less than $73,410

If neither of these conditions applies to you, enter "0" on line 86, enter the amount from line 76
on line 87, and continue on line 91.

Adjusted family income calculation for

Column 1

Column 2

the New Brunswick low-income tax reduction

You

Your spouse or

common-law partner

Net income from line 23600 of the return (or the amount you would have
entered if the instructions on line 23600 said "if negative, show in

brackets")

Total of the universal child care benefit (UCCB) repayment (line 21300
of the return) and the registered disability savings plan (RDSP) income

repayment (included on line 23200 of the return)

Line 70 plus line 71

Total of the UCCB income (line 11700 of the return) and the RDSP

income (line 12500 of the return)

–

Line 72 minus line 73 (if negative, enter "0")

Add the amounts from line 74 of columns 1 and 2, if any.

Enter this amount on line 81 of the next page.

Adjusted family income

5004-C E (24)

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Protected B when completed

Part C – New Brunswick tax (continued)

Amount from line 69 of the previous page

Basic reduction

Claim $781

61570

Reduction for spouse or common-law partner

Claim $781

61580

Reduction for an eligible dependant claimed on

line 30400 of your return

Claim $781

61590

Add lines 77 to 79.

(maximum $1,562)

Adjusted family income:

Amount from line 75 of the previous page

Base amount

–

Line 81 minus line 82 (if negative, enter "0")

Applicable rate

x 3%

Line 83 multiplied by the percentage from line 84

►

–

Line 80 minus line 85

(if negative, enter "0")

New Brunswick low-income tax reduction

►

–

Line 76 minus line 86 (if negative, enter "0")

Unused low-income tax reduction that your spouse or common-law partner can claim

Amount from line 86 above

Amount from line 67 of the previous page

–

Line 88 minus line 89 (if negative, enter "0")

Unused amount

New Brunswick political contributions made in 2024

61550

New Brunswick political contribution tax credit (use Worksheet NB428)

(maximum $500)

–

Line 87 minus line 92 (if negative, enter "0")

Labour-sponsored venture capital fund tax credit from NB-LSVC-1 certificate(s)

(maximum $2,000)

61670

–

•94

Line 93 minus line 94 (if negative, enter "0")

Small business investor tax credit (complete Form T1258)

(maximum $125,000)

–

Line 95 minus line 96 (if negative, enter "0")

Enter this amount on line 42800 of your return.

New Brunswick tax

See the privacy notice on your return.

5004-C E (24)

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