New Brunswick political contribution tax credit

Note 

This credit is eliminated for political contributions made by corporations after May 31, 2017. The last year to which you can carry forward the credit is tax year ending May 30, 2018.

You can claim a tax credit on contributions made before June 1, 2017, to a registered political party, a registered district association, or a registered independent candidate, as defined under the New Brunswick Elections Act.

The annual maximum credit is $500 and is calculated as follows:

  • 75% of the first $200 contributed
    plus
  • 50% of the next $350 contributed
    plus
  • 33 % of the next $525 contributed

Claiming the credit

On line 894 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the total amount of qualifying contributions made before June 1, 2017, and on line 575 enter the amount of the credit you are claiming.

The last year to which you can carry forward the credit is tax year ending May 30, 2018.

Receipts – You do not have to file official receipts with your return. However, keep them in case we ask for them later. We can accept photocopies only if the issuer certifies them as true copies.

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