Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

NB Seniors' Home Renovation Tax Credit TaxTips.ca
Canadian Tax and
Financial Information

If you use an ad blocker, please consider a small contribution to help keep TaxTips.ca free for everyone.

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!
Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Financial Freedom
Financial Planning
RRSP RRIF TFSA
Real Estate
Investing
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Prov/Terr Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources
Atlantic Provinces   ->   New Brunswick   ->   Personal Tax Credits   -> Seniors' Home Renovation Tax Credit

New Brunswick Seniors' Home Renovation Tax Credit - Refundable

As announced in the NB 2015 Budget, a new refundable personal income tax credit is available for 2015 and later tax years, for renovations to your principal residence, which is the home you primarily live in.  The credit is 10% of eligible renovation expenses, to a maximum of $1,000.  The credit is not affected by your income level, and can be claimed on your personal income tax return for the year.

You are eligible for this credit if, on the last day of the tax year, you are:

    - a resident of New Brunswick, and
    - a senior or a family member living with a senior.

Eligible renovation expenses are renovations or alterations that help a senior by:

    - improving access to the home or land,
    - improving mobility and functions within the home or land, or
    - reducing the risk of harm within the home or land.

The NB Seniors' Home Renovation Tax Credit is included in the 2015 Canadian Tax and RRSP Savings Calculator.

For more information, and for a lists of eligible and non-eligible expenses, see New Brunswick Seniors' Home Renovation Tax Credit on the NB Finance website.

See also:

Resources for Seniors

Resources for Persons with Disabilities

Federal and Provincial Home Renovation and Home Accessibility Tax Credits

Revised: September 15, 2021

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.