BILL 35

An Act to Amend the Probate Court Act

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

1 The heading “Impôt payable” preceding section 75.1 of the French version of the Probate Court Act, chapter P-17.1 of the Acts of New Brunswick, 1982, is repealed and the following is substituted:

Impôt à payer

2 Section 75.1 of the French version of the Act is amended

(a)  in subsection (1)

( i) by repealing the portion preceding paragraph a) and substituting the following:

75.1( 1) La succession d’une personne décédée paie à la Couronne du chef de la province l’impôt visé à l’annexe A pour ce qui suit :

( ii) by repealing paragraph a) and substituting the following:

a)  chaque octroi de lettres d’homologation ou de lettres d’administration qui ne sont ni des lettres accordées à des fins spéciales ou restreintes, ni des lettres supplémentaires d’homologation ni des lettres d’administration de bonis non administratis;

( iii) by repealing paragraph b) and substituting the following:

b)  chaque approbation des comptes, y compris les services qui s’y rattachent.

(b)  in subsection (2), by striking out “payable” and substituting “à payer”.

3 The heading “IMPÔT PAYABLE EN VERTU DE L’ARTICLE 75.1” preceding section 1 of Schedule A of the French version of the Act is amended by striking out “IMPÔT PAYABLE EN VERTU DE” and substituting “IMPÔT À PAYER EN APPLICATION DE”.

4 Section 1 of Schedule A of the Act is repealed and the following is substituted:

1 The tax payable under paragraph 75.1(1)(a) is determined as follows:

(a)  if the value of the estate or the part of the estate being administered does not exceed $20,000, $200;

(b)  if the value of the estate or the part of the estate being administered exceeds $20,000 but not $100,000, $200 plus $5 per $1,000 or part of $1,000 by which the value of the estate exceeds $20,000;

(c)  if the value of the estate or the part of the estate being administered exceeds $100,000, $600 plus $15 per $1,000 or part of $1,000 by which the value of the estate exceeds $100,000.