Atlantic Provinces -> New Brunswick -> New Brunswick Budgets -> 2007 Budget
New Brunswick 2007 Budget - March 13, 2007
Tax changes effective 2007:
 | personal income tax rates will be increased from 9.68%, 14.82%, 16.52% and 17.84% to 10.12%, 15.48%, 16.8%, and 17.95%. | ||||
| Low Income Seniors' Benefit to be increased from $100 to $200 on April 1, 2007. | ||||
| Tuition Rebate program will be amended, providing tax relief to recent graduates of eligible post-secondary institutions. | ||||
| general corporate income tax (CIT) rate will increase to 13%, restoring the rate that was in effect for the 2006 taxation year. | ||||
| small business CIT rate will be increased to 5% | ||||
| income threshold eligible for the small business CIT rate will be decreased from $475,000 to $400,000 | ||||
| the small business dividend tax credit will increase from 3.7% to 5.3% | ||||
|
Federal income tax measures affecting taxable
income that automatically affect provincial
taxable income in all provinces and territories
except Quebec:
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For more information see the NB Department of Finance Budget website.
Revised: October 26, 2023