New Brunswick 2007 Budget - March 13, 2007
Tax changes effective 2007:
personal income tax rates will be increased from
9.68%, 14.82%, 16.52% and 17.84% to 10.12%,
15.48%, 16.8%, and 17.95%.
Low Income Seniors' Benefit to be increased from
$100 to $200 on April 1, 2007.
Tuition Rebate program will be amended,
providing tax relief to recent graduates of
eligible post-secondary institutions.
general corporate income tax (CIT) rate will
increase to 13%, restoring the rate that was in
effect for the 2006 taxation year.
small business CIT rate will be increased to 5%
income threshold eligible for the small business CIT rate will be decreased from $475,000 to
the small business dividend tax credit will
increase from 3.7% to 5.3%
Federal income tax measures affecting taxable
income that automatically affect provincial
taxable income in all provinces and territories
For more information see the NB Department of
Revised: September 19, 2017