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Under the New Brunswick Tuition Rebate, anyone, from anywhere in the
world, who on or after January 1, 2005, pays tuition, graduates from an
eligible post-secondary institution, lives and works in New Brunswick and pays
New Brunswick personal income tax, will be eligible for a non-taxable rebate of
50% of their tuition costs with a maximum lifetime rebate of $20,000.
The rebate can be claimed once personal income tax
returns are filed for the previous taxation year, and a Notice of Assessment is
received from the Canada Revenue Agency.
The tuition rebate may be claimed any time up to 20
years from the first year that credit is earned. The total rebate paid for any
given year will be equal to the New Brunswick income tax payable to a maximum
of $4,000. Unused balances may be carried forward and claimed against future
New Brunswick personal income tax, until the lifetime maximum of $20,000 is
reached.
For more information on the program, please review our
Frequently Asked Questions (FAQ's)
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