TaxTips.ca
Canadian Tax and
Financial Information
New Brunswick Personal Tax Rates

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!      Internet Explorer - Use compatibility view for calculators to work properly!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Atlantic Provinces -> New Brunswick
Tax Rates
- Current Marginal Tax Rates -> New Brunswick

New Brunswick 2016 and 2017 Personal Marginal Income Tax Rates

The Federal and New Brunswick tax brackets and personal amount are increased for 2017 by an indexation factor of 1.014.  The NB $150,000 bracket is also indexed starting in 2017.  New Brunswick uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

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

New Brunswick Personal Income Tax Brackets and Tax Rates

2017 Taxable Income 2017 Tax Rates 2016 Tax Brackets 2016 Tax Rates
first $41,059 9.68% first $40,492 9.68%
over $41,059 up to $82,119 14.82% over $40,492 up to $80,985 14.82%
over $82,119 up to $133,507 16.52% over $80,985 up to $131,664 16.52%
over $133,507 up to $152,100 17.84% over $131,664 up to $150,000 17.84%
over $152,100 20.30% over $150,000 20.30%

Combined Federal & New Brunswick Tax Brackets and Tax Rates

2017 Taxable Income 2017 Marginal Tax Rates 2016 Taxable Income 2016 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $41,059 24.68% 12.34% -5.99% 12.47% first $40,492 24.68% 12.34% -5.30% 12.32%
over $41,059 up to $45,916 29.82% 14.91% 1.10% 18.48% over $40,492 up to $45,282 29.82% 14.91% 1.79% 18.33%
over $45,916 up to $82,119 35.32% 17.66% 8.69% 24.92% over $45,282 up to $80,985 35.32% 17.66% 9.38% 24.77%
over $82,119 up to $91,831 37.02% 18.51% 11.04% 26.91% over $80,985 up to $90,563 37.02% 18.51% 11.73% 26.76%
over $91,831 up to $133,507 42.52% 21.26% 18.63% 33.34% over $90,563 up to $131,664 42.52% 21.26% 19.32% 33.19%
over $133,507 up to $142,353 43.84% 21.92% 20.45% 34.89% over $131,664 up to $140,388 43.84% 21.92% 21.14% 34.74%
over $142,353 up to $152,100 46.84% 23.42% 24.59% 38.40% over $140,388 up to $150,000 46.84% 23.42% 25.28% 38.25%
over $152,100 up to $202,800 49.30% 24.65% 27.99% 41.28% over $150,000 up to $200,000 49.30% 24.65% 28.68% 41.12%
over $202,800 53.30% 26.65% 33.51% 45.96% over $200,000 53.30% 26.65% 34.20% 45.80%

Marginal tax rates for both eligible and non-eligible (small business) dividends for 2016 and 2017 as per revision to the dividend tax credit rates in Bill 32, which received Royal Assent July 8, 2016.
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 17%.
For more information see New Brunswick dividend tax credits.

New Brunswick Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$9,895 9.68% $9,758 9.68%

Federal Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$11,635 15% $11,474 15%

Copyright © 2002 - 2017 Boat Harbour Investments Ltd.

Revised: February 24, 2017

Copyright © 2002 - 2017 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.