This calculator estimates the New Brunswick harmonized sales tax credit (NBHSTC) amount. Update the input values as required, then click Calculate to display the result.
Estimated NBHSTC amount: $300.00
To estimate the New Brunswick harmonized sales tax credit (NBHSTC) amount provide the following information:
Click Calculate to display the results. Provided values are estimates only. Consult the NB HST Credit: Frequently Asked Questions or your tax advisor for an exact determination.
Please note that this calculator does not take into account the federal GST/HST credit. See the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit Calculator.
The New Brunswick harmonized sales tax credit (NBHSTC) a tax-free payment to low and modest income households to help offset the increase in the sales tax.
The NBHSTC program provides for a maximum annual amount of $300.00 for an individual, $300.00 for a spouse or common-law partner, and $100.00 per child under 19 years of age ($300.00 for the first child in a single parent family). The credit is reduced by 2% (by two cents for every dollar) of the adjusted family net income over $35,000.00.
Eligible New Brunswick residents do not have to apply for the NB HST credit. The Canada Revenue Agency will determine eligibility and will issue the credit to all eligible individuals. However, individuals must file their annual income tax return in order to receive the NB HST credit.
The payment is combined with the quarterly payment of the federal GST/HST credit.
For more information, check the official NB HST Credit: Frequently Asked Questions or CRA - New Brunswick Benefits web sites.
See also:
Canada Child Benefit (CCB) Calculator
Canada Pension Plan (CPP) Calculator
OAS Pension, GIS, and Allowance Calculator
Employment Insurance (EI) Benefits Calculator
TFSA Calculator
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