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TaxTips.ca - New Brunswick Personal Income Tax Brackets and Tax Rates
2022
Taxable Income
2022
Tax Rates
2021
Taxable Income
2021
Tax Rates
first $44,887
9.40%
first $43,835
9.40%
over $44,887 up to $89,775
14.82%
over $43,835 up to $87,671
14.82%
over $89,775 up to $145,955
16.52%
over $87,671 up to $142,534
16.52%
over $145,955 up
to $166,280
17.84%
over $142,534 up
to $162,383
17.84%
over $166,280
20.30%
over $162,383
20.30%
TaxTips.ca - Combined Federal
& New Brunswick Tax Brackets and Tax Rates
2022
Taxable Income
NB
2022
Marginal Tax Rates
2021
Taxable Income
NB
2021
Marginal Tax Rates
Other
Income
Capital
Gains
Canadian
Dividends
Other
Income
Capital
Gains
Canadian
Dividends
Eligible
Non-Eligible
Eligible
Non-Eligible
first $44,887
24.40%
12.20%
-6.38%
14.51%
first $43,835
24.40%
12.20%
-6.38%
14.51%
over
$44,887 up to $50,197
29.82%
14.91%
1.10%
20.75%
over
$43,835 up to $49,020
29.82%
14.91%
1.10%
20.75%
over $50,197 up to
$89,775
35.32%
17.66%
8.69%
27.07%
over $49,020 up to
$87,671
35.32%
17.66%
8.69%
27.07%
over
$89,775 up to $100,392
37.02%
18.51%
11.04%
29.03%
over
$87,671 up to $98,040
37.02%
18.51%
11.04%
29.03%
over $100,392 up to
$145,955
42.52%
21.26%
18.63%
35.35%
over $98,040 up to
$142,534
42.52%
21.26%
18.63%
35.35%
over
$145,955 up
to $155,625
43.84%
21.92%
20.45%
36.87%
over
$142,534 up
to $151,978
43.84%
21.92%
20.45%
36.87%
over
$155,625 up to $166,280
47.22%
23.61%
25.11%
40.76%
over $151,978 up to
$162,383
47.16%
23.58%
25.03%
40.69%
over
$166,280 up
to $221,708
49.68%
24.84%
28.51%
43.59%
over
$162,383 up
to $216,511
49.62%
24.81%
28.43%
43.52%
over $221,708
53.30%
26.65%
33.51%
47.75%
over $216,511
53.30%
26.65%
33.51%
47.75%
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%.
For more information see New
Brunswick dividend tax
credits.
New Brunswick Basic
Personal Amount
2022
Personal Amount
2022
Tax Rate
2021
Personal Amount
2021
Tax Rate
$11,720
9.40%
$10,564
9.40%
Federal Basic Personal
Amount
2022
Personal Amount (1)
2022
Tax Rate
2021
Personal Amount (1)
2021
Tax Rate
$14,398
15%
$13,808
15%
(1) See the federal
tax rates page for information on the enhanced federal
personal amount, which increases the marginal tax rates for taxable incomes in
the second highest federal tax bracket. The
marginal tax rates in blue above have been adjusted to reflect these changes.
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