New Brunswick Tax and Credits

Form NB428

2023

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

$47,715 but not

$95,431 but not

Line 1 is more

$47,715 or less

more than $95,431

more than $176,756

than $176,756

Amount from line 1

–

Line 2 minus line 3 (cannot be negative)

Line 4 multiplied by the percentage

x 9.40%

x 14.00%

x 16.00%

x 19.50%

from line 5

Line 6 plus line 7

New Brunswick tax

on taxable income

Enter the amount from line 8 on line 52 and continue at line 9.

Part B – New Brunswick non-refundable tax credits

Internal use

56030

Basic personal amount

Claim $12,458

58040

Age amount (if you were born in 1958 or earlier) (use Worksheet NB428)

(maximum $5,615)

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 $9,764)

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 $9,764)

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

Add lines 19 to 22.

►

Line 18 plus line 23

Pension income amount

(maximum $1,000)

58360

Caregiver amount (use Worksheet NB428)

58400

Add lines 24 to 26.

5004-C E(23)

(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 27 of the previous page

Disability amount for self

(claim $9,309, 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 28 to 30.

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 31 to 35.

Medical expenses:

Amount from line 33099 of your return

58689

Amount from line 23600 of your return

Applicable rate

x 3%

Line 38 multiplied by the percentage from line 39

Enter whichever is less: $2,602 or the amount on line 40.

–

Line 37 minus line 41 (if negative, enter "0")

Allowable amount of medical expenses for other dependants

(use Worksheet NB428)

58729

Line 42 plus line 43

58769

►

Line 36 plus line 44

58800

New Brunswick non-refundable tax credit rate

x 9.40%

Line 45 multiplied by the percentage from line 46

58840

Donations and gifts:

Amount from line 13 of your federal

Schedule 9

x 9.40% =

Amount from line 14 of your federal

Schedule 9

x 17.95% =

Line 48 plus line 49

58969

►

Line 47 plus line 50

Enter this amount on line 55.

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

•53

Line 52 plus line 53

New Brunswick non-refundable tax credits from line 51

–

Line 54 minus line 55 (if negative, enter "0")

5004-C E (23)

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Protected B when completed

Part C – New Brunswick tax (continued)

Amount from line 56 of the previous page

New Brunswick dividend tax credit (use Worksheet NB428)

61520

•58

New Brunswick minimum tax carryover:

Amount from line 40427 of your return

x 57% =

61540

•59

Line 58 plus line 59

►

–

Line 57 minus line 60 (if negative, enter "0")

New Brunswick additional tax for minimum tax purposes:

Form T691: line 111 minus line 112

x 57% =

Line 61 plus line 62

Provincial foreign tax credit (complete Form T2036)

–

Line 63 minus line 64 (if negative, enter "0").

New Brunswick low-income tax reduction

If you had a spouse or common-law partner on December 31, 2023, 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 88 can be claimed by the other spouse or common-law partner on line 66 of their
Form NB428.

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

Amount from line 88 of your spouse's or common-law partner's Form NB428, if any

61560

–

•66

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

Enter this amount on line 74 of the next page.

If you claimed an amount on line 66, enter the amount from line 67 on line 85 and continue on
line 89. 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 $45,252

•

You have an eligible dependant or spouse or common-law partner and your adjusted family
income (calculated using the chart below) is less than $70,118

If neither of these conditions applies to you, enter "0" on line 84, enter the amount from line 74
on line 85, and continue on line 89.

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

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 68 plus line 69

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

income (line 12500 of the return)

–

Line 70 minus line 71 (if negative, enter "0")

Add the amounts from line 72 of columns 1 and 2, if any.

Enter this amount on line 79 of the next page.

Adjusted family income

5004-C E (23)

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Protected B when completed

Part C – New Brunswick tax (continued)

Amount from line 67 of the previous page

Basic reduction

Claim $746

61570

Reduction for spouse or common-law partner

Claim $746

61580

Reduction for an eligible dependant claimed on

line 30400 of your return

Claim $746

61590

Add lines 75 to 77.

(maximum $1,492)

Adjusted family income:

Amount from line 73 of the previous page

Base amount

–

Line 79 minus line 80 (if negative, enter "0")

Applicable rate

x 3%

Line 81 multiplied by the percentage from line 82

►

–

Line 78 minus line 83

(if negative, enter "0")

New Brunswick low-income tax reduction

►

–

Line 74 minus line 84 (if negative, enter "0")

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

Amount from line 84 above

Amount from line 65 of the previous page

–

Line 86 minus line 87 (if negative, enter "0")

Unused amount

New Brunswick political contributions made in 2023

61550

New Brunswick political contribution tax credit (use Worksheet NB428)

(maximum $500)

–

Line 85 minus line 90 (if negative, enter "0")

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

(maximum $2,000)

61670

–

•92

Line 91 minus line 92 (if negative, enter "0")

Small business investor tax credit (complete Form T1258)

(maximum $125,000)

–

Line 93 minus line 94 (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 (23)

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