New Brunswick -> Tax Rates -> 2016 & 2017 Marginal Tax Rates -> New Brunswick 2016 & 2017 Personal Income Tax Rates
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.
New Brunswick marginal tax rates for non-eligible dividends are revised as per Bill 60, March 2017.
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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| 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 |
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| 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% | 12.77% | first $40,492 | 24.68% | 12.34% | -5.30% | 12.32% |
| over $41,059 up to $45,916 | 29.82% | 14.91% | 1.10% | 18.78% | 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% | 25.21% | 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% | 27.20% | 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% | 33.64% | 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% | 35.18% | 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% | 38.69% | 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% | 41.57% | over $150,000 up to $200,000 | 49.30% | 24.65% | 28.68% | 41.12% |
| over $202,800 | 53.30% | 26.65% | 33.51% | 46.25% | 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.
Subsequent revision for non-eligible dividend tax credit for 2017 in
Bill
60, which received Royal Assent May 5, 2017. |
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New Brunswick Basic Personal Amount |
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| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $9,895 | 9.68% | $9,758 | 9.68% | ||||||
|
Federal Basic Personal Amount |
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| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $11,635 | 15% | $11,474 | 15% | ||||||
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Revised: October 26, 2023