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New Brunswick 2015 and 2014 Personal Tax Rates

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Atlantic Provinces -> New Brunswick
Tax Rates
-> 2014 and 2015 Marginal Tax Rates -> New Brunswick

New Brunswick 2014 and 2015 Personal Marginal Income Tax Rates

The New Brunswick tax brackets and personal amount were increased for 2015 by an indexation factor of 1.017.  New Brunswick uses the Federal indexation factor.  The indexation factor, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.

Please read the article Understanding the Tables of Personal Income Tax Rates.

New Brunswick Personal Income Tax Brackets and Tax Rates

2015 Taxable Income 2015 Tax Rates 2014 Taxable Income 2014 Tax Rates
first $39,973 9.68% first $39,305 9.68%
over $39,973 up to $79,946 14.82% over $39,305 up to $78,609 14.82%
over $79,946 up to $129,975 16.52% over $78,609 up to $127,802 16.52%
over $129,975 up to $150,000 17.84% over $127,802 17.84%
over $150,000 up to $250,000 21.00% The 2 new tax brackets at left were created by the NB 2015 Budget, effective January 1, 2015.
over $250,000 25.75%

Combined Federal & New Brunswick Tax Brackets and Tax Rates

2015 Taxable Income 2015 Marginal Tax Rates 2014 Taxable Income 2014 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $39,973 24.68% 12.34% -3.23% 11.40% first $39,305 24.68% 12.34% -3.23% 9.87%
over $39,973 up to $44,701 29.82% 14.91% 3.86% 17.47% over $39,305 up to $43,953 29.82% 14.91% 3.86% 15.93%
over $44,701 up to $79,946 36.82% 18.41% 13.52% 25.73% over $43,953 up to $78,609 36.82% 18.41% 13.52% 24.19%
over $79,946 up to $89,401 38.52% 19.26% 15.87% 27.73% over $78,609 up to $87,907 38.52% 19.26% 15.87% 26.20%
over $89,401 up to $129,975 42.52% 21.26% 21.39% 32.45% over $87,907 up to $127,802 42.52% 21.26% 21.39% 30.92%
over $129,975 up to $138,586 43.84% 21.92% 23.21% 34.01% over $127,802 up to $136,270 43.84% 21.92% 23.21% 32.48%
over $138,586 up to $150,000 46.84% 23.42% 27.35% 37.55% over $136,270 46.84% 23.42% 27.35% 36.02%
over $150,000 up to $250,000 50.00% 25.00% 31.71% 41.28% The 2 new tax brackets at left were created by the NB 2015 Budget, effective January 1, 2015.
over $250,000 54.75% 27.38% 38.27% 46.89%

Revised marginal tax rates for non-eligible (small business) dividends as per NB 2015 Budget.
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 18%.
For more information see New Brunswick dividend tax credits.

New Brunswick Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$9,633 9.68% $9,472 9.68%

Federal Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 15% $11,138 15%

 

Revised: September 20, 2017

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