BILL 39

An Act to Amend the Tuition Tax Cash Back Credit Act

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1 Section 1 of the Tuition Tax Cash Back Credit Act, chapter T-16.5 of the Acts of New Brunswick, 2006, is amended by repealing the definition “eligible individual” and substituting the following:

“eligible individual” means an individual who, on or after January 1, 2005, is enrolled at an educational institution referred to in paragraph 118.5(1)(a) or (c) of the Federal Act or is a student at a university referred to in paragraph 118.5(1)(b) of the Federal Act and who thereafter obtains a degree, diploma or certificate from an eligible institution. ( particulier admissible)

COMMENCEMENT

2 This Act shall be deemed to have come into force on January 1, 2005.

EXPLANATORY NOTES

Section 1

The existing provision is as follows:

“eligible individual” means an individual who (particulier admissible)

(a)  is or was enrolled on a full-time or part-time basis, on or after January 1, 2005, at an educational institution referred to in paragraph 118.5(1)(a) or (c) of the Federal Act, or

(b)  is or was a student in full-time or part-time attendance, on or after January 1, 2005, at a university referred to in paragraph 118.5(1)(b) of the Federal Act. (particulier admissible)

Section 2

Commencement provision.