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 |
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| 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 |
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| 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% | |||||
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Revised marginal tax rates for
non-eligible (small business) dividends as per NB 2015 Budget. |
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New Brunswick Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $9,633 | 9.68% | $9,472 | 9.68% | ||||||
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Federal Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $11,327 | 15% | $11,138 | 15% | ||||||
Revised: October 26, 2023