Home
Français
Acts and Regulations
2024, c.8
- An Act to Amend the New Brunswick Income Tax Act
Table of contents
Regulation
0
Full text
2024, c.8
An Act to Amend the
New Brunswick Income Tax Act
Assented to June 7, 2024
His Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1
Subsection 16.1(1) of the New Brunswick Income Tax Act, chapter N-6.001 of the Acts of New Brunswick, 2000, is repealed and the following is substituted:
16.1
(1)
In this section, “relevant provision” means section 14, 17, 18, 19, 20, 21, 23, 26, 27 or 49.1 or any provision of a regulation made under paragraph 124(1)(c.001).
2
The Act is amended by adding after section 36 the following:
Volunteer firefighters and search and rescue volunteers
36.1
If an amount is deducted under section 118.06 or section 118.07 of the Federal Act in computing the tax payable for a taxation year under that Act by an individual who was resident in New Brunswick on the last day of the taxation year, the individual may claim the amount of $5,000 for that taxation year.
3
Section 38 of the Act is amended by striking out “sections 26, 25, 31,” and substituting
“sections 26, 25, 31, 36.1,”
.
4
Section 52 of the Act is amended
(
a
)
in subsection (1) in the portion preceding paragraph (a) by striking out “An overpayment of $300” and substituting
“An overpayment of the prescribed amount”
;
(
b
)
by repealing subsection (1.1).
5
Subsection 124(1) of the Act is amended by adding after paragraph (c) the following:
(
c.001
)
prescribing the amount for the purposes of subsection 52(1);
Commencement
6
(1)
Sections 1, 4 and 5 of this Act come into force on January 1, 2025.
6
(2)
Sections 2 and 3 of this Act shall be deemed to have come into force on January 1, 2024.
Copy
Select this element
Select parent element
Unselect all
Copy to Drafting
Copy to LAW
Copy to Clipboard
To copy : Ctrl+C
0
Advanced search (includes point-in-time)
Consolidated Acts and Regulations
Acts
by title
by chapter
by department
Regulations
by regulation number
Annual Acts and Regulations
Acts
by year
Regulations
by year
Access Rules of Court
by rule number
Repealed Legislation (2011 onward)
Acts
by title
Selections
Show
Selections in current document
All selections in the collection
Selected elements
Delete all selections
Show selections
Cyberlex
Version 2.2.4.0