Quick edit form(mobile version) | ||||||||||||||||||||
Protected B when completed | ||||||||||||||||||||
Part C – New Brunswick tax (continued) | ||||||||||||||||||||
Amount from line 56 of the previous page | 57 | |||||||||||||||||||
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 | = | ► | – | 60 | ||||||||||||||||
Line 57 minus line 60 (if negative, enter "0") | = | 61 | ||||||||||||||||||
New Brunswick additional tax for minimum tax purposes: | ||||||||||||||||||||
Form T691: line 111 minus line 112 | x 57% = | + | 62 | |||||||||||||||||
Line 61 plus line 62 | = | 63 | ||||||||||||||||||
Provincial foreign tax credit (complete Form T2036) | – | 64 | ||||||||||||||||||
Line 63 minus line 64 (if negative, enter "0"). | = | 65 | ||||||||||||||||||
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. |
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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. | = | 67 | ||||||||||||||||||
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. |
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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 |
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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. |
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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 | 68 | |||||||||||||||||||
Total of the universal child care benefit (UCCB) repayment (line 21300 of the return) and the registered disability savings plan (RDSP) income |
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repayment (included on line 23200 of the return) | + | + | 69 | |||||||||||||||||
Line 68 plus line 69 | = | = | 70 | |||||||||||||||||
Total of the UCCB income (line 11700 of the return) and the RDSP | ||||||||||||||||||||
income (line 12500 of the return) | – | – | 71 | |||||||||||||||||
Line 70 minus line 71 (if negative, enter "0") | = | = | 72 | |||||||||||||||||
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 | 73 | ||||||||||||||||||
5004-C E (23) | Page 3 of 4 |