New Brunswick Tax and Credits NB428
T1 General - 2024

Part A - New Brunswick tax on taxable income
Enter your taxable income from line 26000 of your return    1 
       
Use the amount from line 1 to complete the appropriate column below.
If line 1 is $49,958 or less If line 1 is more than $49,958, but not more than $99,916 If line 1 is more than $99,916, but not more than $185,064 If line 1 is more than $185,064
 
Amount from line 1.  2 
- - - -  3 
Line 2 minus line 3 (cannot be negative) = = = =  4 
x x x x  5 
Multiply line 4 by line 5 = = = =  6 
+ + + +  7 
Line 6 plus line 7
New Brunswick tax on taxable income		 = = = =  8 
Enter the amount from line 8 on line 52 and continue at line 9.
                     

Part B - New Brunswick non-refundable tax credits

For internal use only  56030
Basic personal amount claim $13,044 58040  9 
Age amount (if you were born in 1959 or earlier) (use Worksheet NB428) (maximum $5,878) 58080 +  10 
Spouse or common-law partner amount
   Base amount  11 
   Your spouse's or common-law partner's net income from line 23600 of their return -  12 
   Line 11 minus line 12 (if negative, enter "0") (maximum $10,223) 58120 =   +  13 
Amount for an eligible dependant
   Base amount  14 
   Your eligible dependant's net income from line 23600 of their return -  15 
   Line 14 minus line 15 (if negative, enter "0") (maximum $10,223) 58160 =   +  16 
Amount for infirm dependants age 18 or older
(use Worksheet NB428)		 58200 +  17 
Add lines 9, 10, 13, 16 and 17 =  18 
 
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 +  23 
Search and rescue volunteers' amount 58316 +  24 
Add lines 21 to 24 Subtotal for Schedule NB(S2) =   +  25 
Line 19 plus line 25 =  26 
                                         

Continue on the next page.   
 
2

Part B - New Brunswick non-refundable tax credits (continued)
Amount from line 26 of the previous page  27 
Pension income amount (maximum $1,714) 58360 +  28 
Caregiver amount
(use Worksheet NB428)		 58400 +  29 
Add lines 27 to 29 Subtotal for Worksheet NB428 =  30 
Disability amount for self
(claim $9,747 or, if you were under 18 years of age, use Worksheet NB428)		 58440 +  31 
Disability amount transferred from a dependant
(use Worksheet NB428)		 58480 +  32 
Add lines 30 to 32 Subtotal for Schedule NB(S11) =  33 
Interest paid on your student loans
(amount from line 31900 of your return)		 58520 +  34 
Your tuition and education amounts
(attach Schedule NB(S11))		 58560 +  35 
Tuition and education amounts transferred from a child 58600 +  36 
Amounts transferred from your spouse or common-law partner
(attach Schedule NB(S2)) 		 58640 +  37 
Add lines 33 to 37 =  38 
 
Medical expenses:
Amount from line 33099 of your return 58689  39 
Amount from line 23600 of your return  40 
Applicable rate x  41 
Line 40 multiplied by the percentage from line 41 =  42 
Enter whichever is less: $2,724 or or the amount from line 42. -  43 
Line 39 minus line 43 (if negative, enter "0") =  44 
Allowable amount of medical expenses for other dependants
(use Worksheet NB428)		 58729 +  45 
Line 44 plus line 45 58769 =   +  46 
Line 38 plus line 46 58800 =  47 
New Brunswick non-refundable tax credit rate x  48 
Line 47 multiplied by the percentage from line 48 58840 =  49 
 
Donations and gifts:
Amount from line 13 of your federal Schedule 9 x 9.4% =  50 
Amount from line 14 of your federal Schedule 9 x 17.95% = +  51 
Line 50 plus line 51 58969 =   +  52 
Line 49 plus line 52
Enter this amount on line 57.		 New Brunswick non-refundable tax credits 61500 =  53 
                                         

Part C - New Brunswick tax
New Brunswick tax on taxable income from line 8  54 
New Brunswick tax on split income (complete Form T1206) 61510 +  •55 
Line 54 plus line 55 =  56 
New Brunswick non-refundable tax credits from line 53 -  57 
Line 56 minus line 57 (if negative, enter "0") =  58 
                   
Continue on the next page.   
 
3

Part C - New Brunswick tax (continued)
Amount from line 58 of the previous page =  59 
 
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 
Add lines 60 and 61 =   -  62 
Line 59 minus line 62 (if negative, enter "0") =  63 
 
New Brunswick additional tax for minimum tax purposes:
Form T691: line 1 minus line 2 of Part 7  x 57% = +  64 
Add lines 63 and 64 =  65 
Provincial foreign tax credit (complete Form T2036) -  66 
Line 65 minus line 66 =  67 
                   

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.
                     
Are you claiming this tax reduction on your return? Yes  No
 
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.		 =  69 
 
If you are claiming an amount at line 68 (other than "0"), 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 $0.
  • You have an eligible dependant, spouse or common-law partner and your adjusted family income (calculated using the chart below) is less than $0.

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 for the calculation of the New Brunswick low-income tax reduction    Column 1
You		 Column 2
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")  70   70 
Total of Universal Child Care Benefit repayment (line 21300 of the return) and registered disability savings plan income repayment (included in line 23200 of the return). +  71  +  71 
Add lines 70 and 71 =  72  =  72 
Total of Universal Child Care Benefit (line 11700 of the return) and registered disability savings plan income (line 12500 of the return). -  73  -  73 
Line 72 minus line 73 (if negative, enter "0") =  74  =  74 
Add the amounts from line 74 in column 1 and column 2.
Enter the amount on line 81 on the next page		 Adjusted family income  75 
                       

Continue on the next page.   
 
4

Part C - New Brunswick tax (continued)
Amount from line 69 on the previous page =  76 
 
Basic reduction claim $0  61570  77 
Reduction for your spouse or common-law partner claim $0  61580 +  78 
Reduction for an eligible dependant claimed on line 30400 of your return claim $0  61590 +  79 
Add lines 77 to 79 (maximum $0)  =  80 
 
Adjusted family income:
Amount from line 75  81 
Base amount -  82 
Line 81 minus line 82 (if negative, enter "0") =  83 
Applicable rate x  84 
Multiply line 83 by the percentage on line 84 =   -  85 
Line 80 minus line 85
(if negative, enter "0").		 New Brunswick low-income tax reduction =   -  86 
Line 76 minus line 86 (if negative, enter "0") =  87 
                       
Unused low-income tax reduction that your spouse or common-law partner can claim
Amount from line 86    88 
Amount from line 67   -  89 
Line 88 minus line 89 (if negative, enter "0") Unused amount  =  90 
               
 
New Brunswick political contributions made in 2024 61550  91 
New Brunswick political contribution tax credit
(use Worksheet NB428)		 (maximum $500)  -  92 
Line 87 minus line 92 (if negative, enter "0") =  93 
 
Labour-sponsored venture capital fund tax credit from NB-LSVC-1 certificate(s) (maximum $0)  61670 -  •94 
Line 93 minus line 94 (if negative, enter "0") =  95 
 
Small business investor tax credit (complete Form T1258). (maximum $125,000)  -  •96 
Line 95 minus line 96 (if negative, enter "0")
Enter this amount on line 42800 of your return.		 New Brunswick tax =  97