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 |
8,468 |
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 |
|
|
Charitable donations |
|
|
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.
This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.
Main Non-Refundable Tax Credits 2020
New Brunswick