New Brunswick 2025 and 2024 Tax Rates & Tax Brackets

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 2025 by an indexation factor of 1.027 (2.7% increase).

New Brunswick uses the Federal indexation factor.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

See the Canada Federal Personal Tax Rates page for information on the Capital Gains Inclusion Rate Change.

The Federal indexation factors, tax brackets and tax rates for 2025 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 or the Detailed Tax Calculators.

TaxTips.ca - New Brunswick Tax Rates
2025 Taxable Income	2025 Tax Rates	2024 Taxable Income	2024 Tax Rates
first $51,306	9.4%	first $49,958	9.4%
over $51,306 up to $102,614	14.0%	over $49,958 up to $99,916	14.0%
over $102,614 up to $190,060	16.0%	over $99,916 up to $185,064	16.0%
over $190,060	19.5%	over $185,064	19.5%

TaxTips.ca - Combined Federal & New Brunswick Tax Brackets and Tax Rates
2025 Taxable Income (1)	NB 2025 Marginal Tax Rates					2024 Taxable Income (1)	NB 2024 Marginal Tax Rates
	Other Income	Capital Gains		Canadian Dividends			Other Income	Capital Gains		Canadian Dividends
	Other Income	First $250K	Excess Over $250K	Eligible	Non-Eligible		Other Income	All Pre- Jun 25	>$250K Post- Jun 24	Eligible	Non-Eligible
first $51,306	24.40%	12.20%	16.27%	-6.38%	14.51%	first $49,958	24.40%	12.20%	16.27%	-6.38%	14.51%
over $51,306 up to $57,375	29.00%	14.50%	19.33%	-0.03%	19.80%	over $49,958 up to $55,867	29.00%	14.50%	19.33%	-0.03%	19.80%
over $57,375 up to $102,614	34.50%	17.25%	23.00%	7.56%	26.13%	over $55,867 up to $99,916	34.50%	17.25%	23.00%	7.56%	26.13%
over $102,614 up to $114,750	36.50%	18.25%	24.33%	10.32%	28.43%	over $99,916 up to $111,733	36.50%	18.25%	24.33%	10.32%	28.43%
over $114,750 up to $177,882	42.00%	21.00%	28.00%	17.91%	34.75%	over $111,733 up to $173,205	42.00%	21.00%	28.00%	17.91%	34.75%
over $177,882 up to $190,060	45.32%	22.66%	30.21%	22.49%	38.57%	over $173,205 up to $185,064	45.32%	22.66%	30.21%	22.49%	38.57%
over $190,060 up to $253,414	48.82%	24.41%	32.55%	27.32%	42.60%	over $185,064 up to $246,752	48.82%	24.41%	32.55%	27.32%	42.60%
over $253,414	52.50%	26.25%	35.00%	32.40%	46.83%	over $246,752	52.50%	26.25%	35.00%	32.40%	46.83%
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. Copyright © 2002 Boat Harbour Investments Ltd.

TaxTips.ca New Brunswick Basic Personal Amount
2025 Personal Amount	2025 Tax Rate	2024 Personal Amount	2024 Tax Rate
$13,396	9.40%	$13,044	9.40%

Federal Basic Personal Amount
2025 Personal Amount (1) Minimum / Maximum		2025 Tax Rate	2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate
$14,538	$16,129	15%	$14,156	$15,705	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: November 16, 2024