Atlantic Provinces -> New Brunswick -> Tax Rates -> 2018 & 2019 Marginal Tax Rates -> New Brunswick
New Brunswick 2019 and 2018 Personal Marginal Income Tax Rates
New Brunswick Income Tax Act s. 14, 16.1, 19, 35
The Federal and New Brunswick tax brackets and personal amount are increased for 2019 by an indexation factor of 1.022. New Brunswick uses the Federal indexation factor. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The gross-up rate for non-eligible dividends was revised for 2018 and 2019, as announced in the October 24, 2017 Fall Economic Statement. New Brunswick subsequently tabled Bill 23, An Act to Amend the New Brunswick Income Tax Act, modifying the non-eligible dividend tax credit rate for 2018, and again for 2019 and subsequent taxation years.
Please read the article Understanding the Tables of Personal Income Tax Rates.
| New Brunswick Personal Income Tax Brackets and Tax Rates | |||||||||
| 2019 Taxable Income | 2019 Tax Rates | 2018 Taxable Income | 2018 Tax Rates | ||||||
| first $42,592 | 9.68% | first $41,675 | 9.68% | ||||||
| over $42,592 up to $85,184 | 14.82% | over $41,675 up to $83,351 | 14.82% | ||||||
| over $85,184 up to $138,491 | 16.52% | over $83,351 up to $135,510 | 16.52% | ||||||
| over $138,491 up to $157,778 | 17.84% | over $135,510 up to $154,382 | 17.84% | ||||||
| over $157,778 | 20.30% | over $154,382 | 20.30% | ||||||
| Combined Federal & New Brunswick Tax Brackets and Tax Rates | |||||||||
| 2019 Taxable Income | 2019 Marginal Tax Rates | 2018 Taxable Income | 2018 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $42,592 | 24.68% | 12.34% | -5.99% | 14.83% | first $41,675 | 24.68% | 12.34% | -5.99% | 13.68% |
| over $42,592 up to $47,630 | 29.82% | 14.91% | 1.10% | 20.75% | over $41,675 up to $46,605 | 29.82% | 14.91% | 1.10% | 19.65% |
| over $47,630 up to $85,184 | 35.32% | 17.66% | 8.69% | 27.07% | over $46,605 up to $83,351 | 35.32% | 17.66% | 8.69% | 26.03% |
| over $85,184 up to $95,259 | 37.02% | 18.51% | 11.04% | 29.03% | over $83,351 up to $93,208 | 37.02% | 18.51% | 11.04% | 28.00% |
| over $95,259 up to $138,491 | 42.52% | 21.26% | 18.63% | 35.35% | over $93,208 up to $135,510 | 42.52% | 21.26% | 18.63% | 34.38% |
| over $138,491 up to $147,667 | 43.84% | 21.92% | 20.45% | 36.87% | over $135,510 up to $144,489 | 43.84% | 21.92% | 20.45% | 35.91% |
| over $147,667 up to $157,778 | 46.84% | 23.42% | 24.59% | 40.32% | over $144,489 up to $154,382 | 46.84% | 23.42% | 24.59% | 39.39% |
| over $157,778 up to $210,371 | 49.30% | 24.65% | 27.99% | 43.15% | over $154,382 up to $205,842 | 49.30% | 24.65% | 27.99% | 42.24% |
| over $210,371 | 53.30% | 26.65% | 33.51% | 47.75% | over $205,842 | 53.30% | 26.65% | 33.51% | 46.88% |
| Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable 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 15% in 2019, and 16% in 2018. For more information see New Brunswick dividend tax credits. |
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| New Brunswick Basic Personal Amount | |||||||||
| 2019 Personal Amount | 2019 Tax Rate | 2018 Personal Amount | 2018 Tax Rate | ||||||
| $10,264 | 9.68% | $10,043 | 9.68% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2019 Personal Amount | 2019 Tax Rate | 2018 Personal Amount | 2018 Tax Rate | ||||||
| $12,069 | 15% | $11,809 | 15% | ||||||
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Revised: October 26, 2023