New Brunswick

Main Non-Refundable Tax Credits 2020

 

This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.

Federal
(15 %)
New Brunswick
(9,68 %)
$ $
Basic personal amount  

13,2291

 

10,459

Spouse and eligible dependant  

13,2291, 2,3

 

8,8824

Disabled dependant aged 18 and older5  

n/a

 

4,9409

Caregiver for a dependant aged 18 and older who has a disability7  

7,2768

 

n/a

Caregiver  

n/a

 

4,9408

Employment amount  

  1,24510

 

n/a

Age amount  

7,36711

 

5,10712

Retirement income  

2,000

 

1,000

Person suffering from a disability Supplement (- 18 years of age)  

8,576
5,00313

 

  8,468
4,94014

Adoption fees  16,56315 n/a
Volunteer firefighters  3,000 n/a
Search and rescue volunteer  3,000 n/a
Purchase of first home  5,000 n/a
Home accessibility  10,00015 n/a16
Medical expenses
  • 15% of expenses which exceed the lesser of $2,397 or 3% of applicant’s net income
  • 9.68% of expenses which exceed the lesser of $2,367 or 3% of applicant’s net income
Charitable donations
  • Max. donations: 75% of net income
  • 15% on the first $200 and 29% or 33% on excess amount
  • Max. donations: 75% of net income
  • 9.68% on the first $200 and 17.95% on excess amount

1Gradually reduced when revenue exceeds $150,473, to a minimum of $12,298 when revenue reaches $214,368.
2Reduced by net income of spouse or dependant.
3Potential $2,273 additional amount if eligible for Canadian caregiver tax credit (also offered for a dependant child under 18 years of age).
4Reduced for each $1 exceeding $889 (nil at $9,771).
5Other than a person for whom the tax credit for caregivers is claimed.
6Reduced for each $1 exceeding $7,008 (nil at $11,948).
7Other than a person for whom the spouse tax credit or eligible dependant tax credit is claimed.
8Reduced by each $1 of net income of the dependant in excess of $17,085 (nil at $24,361).
9Reduced for each $1 exceeding $16,869 (nil at $21,809).
10Amount equal to taxpayer’s employment income for the year (max. $1,245).
11Reduced by 15% for each $1 exceeding $38,508 (nil at $89,421).
12Reduced by 15% for each $1 exceeding $38,019 (nil at $72,066).
13Reduced by child care and caregiver expenses exceeding $2,930 (nil at $7,933).
14Reduced by child care and caregiver expenses exceeding $2,892 (nil at $7,832).
15Maximum amount of expenses eligible for the credit.
16Refundable tax credit available in New Brunswick.
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