5004-C (Page 1 of 3) T1 General - 2011 NB428 New Brunswick Tax and Credits Complete this form, and attach a copy to your return. For more information, see related lines in the forms book. Step 1 - New Brunswick non-refundable tax credits Line 5603: For internal use only Line 1 and line 5804: Basic personal amount claim $8,953 ^ Line 2 and line 5808: Age amount (if born in 1946 or earlier) (use provincial worksheet) (maximum $4,371) ^ Spouse or common-law partner amount Base amount 8,363.00 Minus: his or her net income from page 1 of your return ^ Line 3 and line 5812: Result: (if negative, enter "0") = ^ (maximum $7,602) ^ Amount for an eligible dependant Base amount 8,363.00 Minus: his or her net income from line 236 of his or her return ^ Line 4 and line 5816: Result: (if negative, enter "0") = ^ (maximum $7,602) ^ Line 5 and line 5820: Amount for infirm dependants age 18 or older (use provincial worksheet) ^ CPP and QPP contributions: Line 6 and line 5824: (amount from line 308 of your federal Schedule 1) ^ Line 7 and line 5828: (amount from line 310 of your federal Schedule 1) ^ Employment Insurance premiums: Line 8 and line 5832: (amount from line 312 of your federal Schedule 1) ^ Line 9 and line 5829: (amount from line 317 of your federal Schedule 1) ^ Line 10 and line 5836: Pension income amount (maximum $1,000) ^ Line 11 and line 5840: Caregiver amount (use provincial worksheet) ^ Line 12 and line 5844: Disability amount (for self) ^ Line 13 and line 5848: Disability amount transferred from a dependant (use provincial worksheet) ^ Line 14 and line 5852: Interest paid on your student loans (amount from line 319 of your federal Schedule 1) ^ Line 15 and line 5856: Your tuition and education amounts [attach Schedule NB(S11)] ^ Line 16 and line 5860: Tuition and education amounts transferred from a child ^ Line 17 and line 5864: Amounts transferred from your spouse or common-law partner [attach Schedule NB(S2)] ^ Medical expenses: Line 18 and line 5868: Amount from line 330 of your federal Schedule 1 ^ Line 19: Enter $2,026 or 3% of line 236 of your return, whichever is less. ^ Line 20: Line 18 minus line 19 (if negative, enter "0") = ^ Line 21 and line 5872: Allowable amount of medical expenses for other dependants (use provincial worksheet) ^ Line 22 and line 5876: Add lines 20 and 21. = ^ Line 23 and line 5880: Add lines 1 through 17, and line 22. = ^ Line 24: New Brunswick non-refundable tax credit rate 9.1% Line 25 and line 5884: Multiply line 23 by line 24. = ^ Donations and gifts: Line 26: Amount from line 345 of your federal Schedule 9 ^ Multiplied by 9.1% = ^ Line 27: Amount from line 347 of your federal Schedule 9 ^ Multiplied by 17.95% = ^ Line 28 and line 5896: Add lines 26 and 27. = ^ Line 29 and line 6150: Add lines 25 and 28. New Brunswick non-refundable tax credits = ^ Enter this amount on line 41. Go to Step 2 on the next page. 5004-C (Page 2 of 3) Step 2 - New Brunswick tax on taxable income Line 30: Enter your taxable income from line 260 of your return. ^ Complete the appropriate column depending on the amount on line 30. *** Transcriber's Note: Use column 1 if the amount on line 30 is $37,150 or less. Use column 2 if the amount on line 30 is more than $37,150, but not more than $74,300. Use column 3 if the amount on line 30 is more than $74,300, but not more than $120,796. Use column 4 if the amount on line 29 is more than $120,796. *** Column 1: Line 30 is $37,150 or less Line 31: Enter the amount from line 30. ^ Line 32: 0.00 Line 33: Line 31 minus line 32 (cannot be negative) = ^ Line 34: Rage 9.1% Line 35: Multiply line 33 by 9.1%. = ^ Line 36: 0.00 Line 37: Add line 35 and line 36. New Brunswick tax on taxable income = ^ Go to Step 3. Column 2: Line 30 is more than $37,150 but not more than $74,300 Line 31: Enter the amount from line 30. ^ Line 32: 37,150.00 Line 33: Line 31 minus line 32 (cannot be negative) = ^ Line 34: Rate 12.1% Line 35: Multiply line 33 by 12.1%. = ^ Line 36: 3,381.00 Line 37: Add line 35 and line 36. New Brunswick tax on taxable income = ^ Go to Step 3. Column 3: Line 30 is more than $74,300 but not more than $120,796 Line 31: Enter the amount from line 30. ^ Line 32: 74,300.00 Line 33: Line 31 minus line 32 (cannot be negative) = ^ Line 34: Rate 12.4% Line 35: Multiply line 33 by 12.4% = ^ Line 36: 7,876.00 Line 37: Add line 35 and line 36. New Brunswick tax on taxable income = ^ Go to Step 3. Column 4: Line 30 is more than $120,796 Line 31: Enter the amount from line 30. ^ Line 32: 120,796.00 Line 33: Line 31 minus line 32 (cannot be negative) = ^ Line 34: Rate 14.3% Line 35: Multiply line 33 by 14.3% = ^ Line 36: 13,641.00 Line 37: Add line 35 and line 36. New Brunswick tax on taxable income = ^ Go to Step 3. Step 3 - New Brunswick tax Line 38: Enter your New Brunswick tax on taxable income from line 37. ^ Line 39 and line 6151: Enter your New Brunswick tax on split income from Form T1206. ^ Line 40: Add lines 38 and 39. = ^ Line 41: Enter your New Brunswick non-refundable tax credits from line 29. ^ Line 42: Line 40 minus line 41 (if negative, enter "0") = ^ NB dividend tax credit: Line 43 and line 6152: Credit calculated for line 6152 on the Provincial Worksheet ^ NB overseas employment tax credit: Line 44 and line 6153: Amount from line 426 of your federal Schedule 1 ^ Multiplied by 57% = ^ NB minimum tax carryover: Line 45 and line 6154: Amount from line 427 of your federal Schedule 1 ^ Multiplied by 57% = ^ Line 46: Add lines 43, 44, and 45. = ^ Line 47: Line 42 minus line 46 (if negative, enter "0") = ^ New Brunswick additional tax for minimum tax purposes: Line 48: Form T691: line 108 minus line 111 ^ Multiplied by 57% = ^ Line 49: Add lines 47 and 48. = ^ Line 50: Enter the provincial foreign tax credit from Form T2036. ^ Line 51: Line 49 minus line 50 = ^ Go to Step 4. 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. Line 52 and line 6156: Unused low-income tax reduction from your spouse or common-law partner (if none, enter "0") ^ Line 53: Line 51 minus line 52 (if negative, enter "0") = ^ If you are claiming an amount on line 52, other than "0", enter the amount from line 53 on line 71 on the next page, and continue on line 72. Otherwise, continue on line 54 on the next page. 5004-C (Page 3 of 3) Step 4 - New Brunswick low-income tax reduction (continued) If your net income (line 236 of your return) is less than $33,108, or if you have an eligible dependant, spouse, or common-law partner and your adjusted family income is less than $51,275, you can claim a New Brunswick low-income tax reduction. Otherwise, enter "0" on line 70 and continue on line 71. Adjusted family income for the calculation of the New Brunswick low-income tax reduction Column 1 - You Line 54: Enter the net income amount from line 236 of the return. ^ Line 55: Total of the Universal Child Care Benefit (UCCB) repayment (line 213 of the return) and the registered disability savings plan (RDSP) income repayment (included on line 232) ^ Line 56: Add lines 54 and 55. = ^ Line 57: Total of the UCCB income (line 117 of the return) and the RDSP income (line 125 of the return) ^ Line 58: Line 56 minus line 57 (if negative, enter "0") = ^ Column 2 - Your spouse or common-law partner Line 54: Enter the net income amount from line 236 of the return. ^ Line 55: Total of the Universal Child Care Benefit (UCCB) repayment (line 213 of the return) and the registered disability savings plan (RDSP) income repayment (included on line 232) ^ Line 56: Add lines 54 and 55. = ^ Line 57: Total of the UCCB income (line 117 of the return) and the RDSP income (line 125 of the return) ^ Line 58: Line 56 minus line 57 (if negative, enter "0") = ^ Line 59: Add the amounts at line 58 in column 1 and column 2, if applicable. Adjusted family income ^ Enter the result on line 65 below. Line 60: Enter the amount from line 53 on the previous page. ^ Line 61 and line 6157: Basic reduction claim $545 ^ Line 62 and line 6158: Reduction for your spouse or common-law partner claim $545 ^ Line 63 and line 6159: Reduction for an eligible dependant claimed on line 5816 claim $545 ^ Line 64: Add lines 61, 62, and 63. (maximum $1,090) = ^ Adjusted family income Line 65: Enter the amount from line 59. ^ Line 66: Base amount 14,941.00 Line 67: Line 65 minus line 66 (if negative, enter "0") = ^ Line 68: Applicable rate 3% Line 69: Multiply line 67 by line 68. = ^ Line 70: Line 64 minus line 69 (if negative, enter "0") New Brunswick low- income tax reduction = ^ Line 71: Line 60 minus line 70 (if negative, enter "0") = ^ Go to Step 5. Step 5 - New Brunswick tax credits Political contribution tax credit Line 72 and line 6155: New Brunswick political contributions made in 2011 ^ Line 73: Credit calculated for line 73 on the Provincial Worksheet (maximum $500) ^ Line 74: Line 71 minus line 73 (if negative, enter "0") = ^ Labour-sponsored venture capital fund tax credit Line 75 and line 6167: Enter the credit amount from NB-LSVC-1 certificate(s) (maximum $2,000) ^ Line 76: Line 74 minus line 75 (if negative, enter "0") = ^ Small business investor tax credit Line 77: Enter the credit amount from Form T1258. ^ Line 78: Line 76 minus line 77 (if negative, enter "0") Enter the result on line 428 of your return. New Brunswick tax = ^ Unused low-income tax reduction that can be claimed by your spouse or common- law partner Line 79: Amount from line 70 ^ Line 80: Amount from line 51 ^ Line 81: Line 79 minus line 80 (if negative, enter "0") Unused amount = ^ Privacy Act, Personal Information Bank number CRA PPU 005