New Brunswick 2017 & 2018 Personal Marginal Income Tax Rates

New Brunswick Income Tax Act s. 14, 16.1, 19

The Federal and New Brunswick tax brackets and personal amount are increased for 2018 by an indexation factor of 1.015. New Brunswick uses the Federal indexation factor. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

New Brunswick dividend tax credit rate for non-eligible dividends for 2017 and later years was revised as per Bill 60, March 2017 to be 3.245% of the taxable dividend. The 2018 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2018, as announced in the October 24, 2017 Federal 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
2018 Taxable Income	2018 Tax Rates				2017 Taxable Income	2017 Tax Rates
first $41,675	9.68%				first $41,059	9.68%
over $41,675 up to $83,351	14.82%				over $41,059 up to $82,119	14.82%
over $83,351 up to $135,510	16.52%				over $82,119 up to $133,507	16.52%
over $135,510 up to $154,382	17.84%				over $133,507 up to $152,100	17.84%
over $154,382	20.30%				over $152,100	20.30%
Combined Federal & New Brunswick Tax Brackets and Tax Rates
2018 Taxable Income	2018 Marginal Tax Rates				2017 Taxable Income	2017 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 $41,675	24.68%	12.34%	-5.99%	13.68%	first $41,059	24.68%	12.34%	-5.99%	12.77%
over $41,675 up to $46,605	29.82%	14.91%	1.10%	19.65%	over $41,059 up to $45,916	29.82%	14.91%	1.10%	18.78%
over $46,605 up to $83,351	35.32%	17.66%	8.69%	26.03%	over $45,916 up to $82,119	35.32%	17.66%	8.69%	25.21%
over $83,351 up to $93,208	37.02%	18.51%	11.04%	28.00%	over $82,119 up to $91,831	37.02%	18.51%	11.04%	27.20%
over $93,208 up to $135,510	42.52%	21.26%	18.63%	34.38%	over $91,831 up to $133,507	42.52%	21.26%	18.63%	33.64%
over $135,510 up to $144,489	43.84%	21.92%	20.45%	35.91%	over $133,507 up to $142,353	43.84%	21.92%	20.45%	35.18%
over $144,489 up to $154,382	46.84%	23.42%	24.59%	39.39%	over $142,353 up to $152,100	46.84%	23.42%	24.59%	38.69%
over $154,382 up to $205,842	49.30%	24.65%	27.99%	42.24%	over $152,100 up to $202,800	49.30%	24.65%	27.99%	41.57%
over $205,842	53.30%	26.65%	33.51%	46.88%	over $202,800	53.30%	26.65%	33.51%	46.25%
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 17% in 2017, and 16% in 2018. For more information see New Brunswick dividend tax credits.
New Brunswick Basic Personal Amount
2018 Personal Amount	2018 Tax Rate				2017 Personal Amount	2017 Tax Rate
$10,043	9.68%				$9,895	9.68%
Federal Basic Personal Amount
2018 Personal Amount	2018 Tax Rate				2017 Personal Amount	2017 Tax Rate
$11,809	15%				$11,635	15%

Revised: May 18, 2025