As proposed by the New
Brunswick 2024 Budget, this benefit is being permanently increased to
$600 from $400 effective January 1, 2024, and will be indexed for
inflation each year beginning 2025.
To qualify for the $600 annual benefit, an applicant must have
been a resident of New Brunswick on December 31 of the previous year, and a recipient of
a benefit under the Old Age Security Act (Canada), notably:
the federal Guaranteed Income Supplement (GIS) during the prior year (must be
65 years or older
the federal Allowance for the Survivor during the prior year (must be between
60-64 years old) or
the federal Allowance during the prior year (must be between 60-64 years old)
When both spouses receive the GIS and reside in the same household,
only one benefit will be granted. However, if the spouses live
separately, such as when one is in a nursing home, both will be eligible
for the benefit.
This benefit is not part of the tax return, but must be applied for. See
Low
Income
Seniors' Benefit on the NB website.
New
Brunswick Volunteer Firefighter, Search and Rescue Tax Credit
The New Brunswick non-refundable volunteer firefighter
tax credit is based on the criteria for the federal
volunteer firefighter tax credit. As with the federal credit,
only 1 credit can be claimed.
One of the 2 tax credits can be claimed as $5,000 x the lowest NB
tax rate.