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New Brunswick 2017 & 2018 Income Tax Rates

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Atlantic Provinces   ->   New Brunswick ->
Tax Rates   ->   2017 & 2018 Marginal Tax Rates -> New Brunswick 2017 and 2018 Personal Income Tax Rates

New Brunswick 2017 and 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
Eligible Non-Eligible 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%
 

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Revised: October 16, 2018

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