Free untitled - Canada

NB428 T1 General ­ 2009

New Brunswick Tax and Credits
Complete this form and attach a copy of it to your return. For details, see the forms book.

Step 1 ­ New Brunswick non-refundable tax credits
For internal use only Basic personal amount claim $8,605 Age amount (if born in 1944 or earlier) (use provincial worksheet) (maximum $4,202) Spouse or common-law partner amount Base amount 8,038 00 5603 5804 1

5808 +

2

continue on next page
NB428 ­ 1

Minus: his or her net income from page 4 [1] of your return Result: (if negative, enter "0") (maximum $7,307) Amount for an eligible dependant Amount for infirm dependants age 18 or older (use provincial worksheet) (use provincial worksheet)

­ =
5812 + 5816 + 5820 + 3 4 5

Canada Pension Plan or Quebec Pension Plan contributions: (amount from line 308 of your federal Schedule 1) (amount from line 310 of your federal Schedule 1) Employment Insurance premiums (amount from line 312 of your federal Schedule 1)
NB428 ­ 2

5824 + 5828 +

6 7

5832 +

8

Pension income amount (maximum $1,000) Caregiver amount Disability amount (for self)

(see line 5836 in the forms book) (see line 5844 in the forms book) (use provincial worksheet)

5836 + 5840 + 5844 + 5848 + 5852 + 5856 + 5860 +

9 10 11 12 13 14 15

(use provincial worksheet)

Disability amount transferred from a dependant Interest paid on your student loans Your tuition and education amounts

(amount from line 319 of your federal Schedule 1) [attach Schedule NB(S11)]

Tuition and education amounts transferred from a child Amounts transferred from your spouse or common-law partner [attach Schedule NB(S2)]

5864 + continue on next page

16

NB428 ­ 3

Medical expenses from line 330 of your federal Schedule 1 Enter $1,947 or 3% of net income from line 236 of your return, whichever is less. Line 17 minus line 18 (if negative, enter "0") Allowable amount of medical expenses for other dependants calculated for line 5872 on the "Provincial Worksheet" Add lines 19 and 20.

5868

17

­ =

18 19

5872 + 5876 =

20

+

21

NB428 ­ 4

Add lines 1 through 16 and line 21.

5880 = 22

Non-refundable tax credit rate Multiply line 22 by line 23. Donations and gifts: Amount from line 345 of your federal Schedule 9

×
5884 =

9.65%

23 24

×

9.65% =

25

Amount from line 347 of your federal Schedule 9

× 17.95% =
Add lines 25 and 26.

+ 5896 = +

26

27

New Brunswick non-refundable Add lines 24 and 27. tax credits Enter this amount on line 40.
NB428 ­ 5

6150 = continue on next page

28

Step 2 ­ New Brunswick tax on taxable income
Enter your taxable income from line 260 of your return. Use the amount at line 29 to determine which ONE of the following columns you have to complete. If line 29 is $35,707 or less Enter the amount from line 29 in the appropriate column. 30 0 00 31 ­ Line 30 minus line 31 (cannot be negative) = 32 9.65% × 33 Multiply line 32 by line 33. Add New Brunswick line 34 tax on taxable and line 35. income 29 If line 29 is more than $35,707, but not more than $71,415

­ = ×

35,707 00

14.5%

= + =
Go to Step 3
NB428 ­ 6

34 = 0 00 35 + 36 = Go to Step 3 3,446 00

Use the amount at line 29 to determine which ONE of the following columns you have to complete.

If line 29 is more than $71,415, but not more than $116,105

If line 29 is more than $116,105

Enter the amount from line 29 in the appropriate column.

30

­
Line 30 minus line 31 (cannot be negative) Multiply line 32 by line 33. Add New Brunswick line 34 tax on taxable and line 35. income

71,415 00 31 ­ 32 = 16% 33 × 34 = 8,623 00 35 + 36 = Go to Step 3

116,105 00

= × = + =

17%

15,774 00

Go to Step 3 continue on next page

NB428 ­ 7

Step 3 ­ New Brunswick tax
Enter your New Brunswick tax on taxable income from line 36. Enter your New Brunswick tax on split income from Form T1206. Add lines 37 and 38. Enter your New Brunswick non-refundable tax credits from line 28. Line 39 minus line 40 (if negative, enter "0") NB dividend tax credit: Credit calculated for line 6152 on the "Provincial Worksheet" NB overseas employment tax credit: Amount from line 426 of your Schedule 1 6152 + 42 6151 + 37 38 39 40 41

= ­ =

×

57%

=
NB428 ­ 8

6153 +

43

NB minimum tax carryover: Amount from line 427 of your Schedule 1

×

57%

=

6154 +

44

Add lines 42, 43, and 44.

= ­
45 46

Line 41 minus line 45 (if negative, enter "0")

=

New Brunswick additional tax for minimum tax purposes: Form T691: line 108 minus line 111

×
Add lines 46 and 47.

57%

=

+ = ­ =
continue on next page
NB428 ­ 9

47 48 49 50

Enter the provincial foreign tax credit from Form T2036. Line 48 minus line 49

Step 4 ­ New Brunswick low-income tax reduction
If you had a spouse or common-law partner at the end of the year, you have to agree on who will claim this tax reduction. Only one of you can claim it for your family. However, any unused amount can be claimed by the other person. Unused low-income tax reduction from your spouse or common-law partner (if none, enter "0") Line 50 minus line 51 (if negative, enter "0")

6156 ­

51 52

=

If you claimed an amount on line 51, other than "0", enter the amount from line 52 on line 70 on page 13 [the next page], and continue on line 71. If your net income (line 236 of your return) is less than $28,261, or if you have an eligible dependant, spouse, or common-law partner and your adjusted family income is less than $42,161, you can claim a New Brunswick low-income tax reduction. Otherwise, enter "0" on line 69 and continue on line 70.

NB428 ­ 10

Adjusted family income for the calculation of the New Brunswick low-income tax reduction Column 1 Column 2 You Your spouse or common-law partner Enter the net income amount from line 236 of the return. 53 53 Total of the Universal Child Care Benefit repayment (line 213 of the return) and the registered disability savings plan income repayment (included on line 232) Add lines 53 and 54. Total of the Universal Child Care Benefit income (line 117 of the return) and the registered disability savings plan income (line 125 of the return)

+ =

54 55

+ =

54 55

­
NB428 ­ 11

56

­

56

continue on next page

Column 1 You Line 55 minus line 56 (if negative, enter "0") Add the amounts at line 57 in column 1 and column 2, if applicable Enter the amount on line 64 on page 13 [below].

Column 2 Your spouse or common-law partner 57

=

=

57

Adjusted family income

58 59

Enter the amount from line 52 on page 10 [the previous page]. Basic reduction Reduction for your spouse or common-law partner claim $556 claim $556 6157 6158 + 60 61

Reduction for an eligible dependant claimed on line 305 of federal Schedule 1 claim $556
NB428 ­ 12

6159 +

62

Add lines 60, 61, and 62.

(maximum $1,112)

=
64

63

Adjusted family income Enter the amount from line 58. Base amount Line 64 minus line 65 (if negative, enter "0") Applicable rate Multiply line 66 by line 67.

­ 14,361 00 65 = 66 4% × 67 = ­
68

Line 63 minus line 68 (if negative, enter "0")

New Brunswick low-income tax reduction

= ­
69 70

Line 59 minus line 69 (if negative, enter "0")

=
continue on next page

NB428 ­ 13

Step 5 ­ New Brunswick tax credits
Political contribution tax credit New Brunswick political contributions made in 2009 Credit calculated for line 72 on the "Provincial Worksheet" 6155 71

(maximum $500)

Line 70 minus line 72 (if negative, enter "0") Labour-sponsored venture capital fund tax credit Labour-sponsored venture capital fund tax credit from NB-LSVC-1 certificate(s) (maximum $2,000) Line 73 minus line 74 (if negative, enter "0")

­ =

72 73

6167 ­

74 75

=

NB428 ­ 14

Small business investor tax credit Enter the small business investor tax credit from Form T1258. Line 75 minus line 76 (if negative, enter "0") Enter the result on line 428 of your return. New Brunswick tax

­

76

=

77

Unused low-income tax reduction that can be claimed by your spouse or common-law partner Amount from line 69 Amount from line 50 Line 78 minus line 79 (if negative, enter "0") Unused amount 78

­ =

79 80

NB428 ­ 15