New Brunswick 2022 and 2021 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 tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).

New Brunswick uses the Federal indexation factor.

The New Brunswick 2022 Budget increased the basic personal amount for 2022 from $10,817 to $11,720.

On May 11, 2021 New Brunswick tabled Bill 48, An Act to Amend the New Brunswick Income Tax Act, which reduced the lowest personal tax rate from 9.68% to 9.40% effective January 1, 2021.

The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.

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
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	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.

Revised: September 20, 2024