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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.

The Federal and New Brunswick 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
Eligible Non-Eligible Eligible Non-Eligible
first $51,306 23.90% 11.95% -7.07% 13.94% first $49,958 24.40% 12.20% -6.38% 14.51%
over $51,306 up to $57,375 28.50% 14.25% -0.72% 19.23% over $49,958 up to $55,867 29.00% 14.50% -0.03% 19.80%
over $57,375 up to $102,614 34.50% 17.25% 7.56% 26.13% over $55,867 up to $99,916 34.50% 17.25% 7.56% 26.13%
over $102,614 up to $114,750 36.50% 18.25% 10.32% 28.43% over $99,916 up to $111,733 36.50% 18.25% 10.32% 28.43%
over $114,750 up to $177,882 42.00% 21.00% 17.91% 34.75% over $111,733 up to $173,205 42.00% 21.00% 17.91% 34.75%
over $177,882 up to $190,060 45.31% 22.66% 22.48% 38.56% over $173,205 up to $185,064 45.32% 22.66% 22.49% 38.57%
over $190,060 up to $253,414 48.81% 24.41% 27.31% 42.59% over $185,064 up to $246,752 48.82% 24.41% 27.32% 42.60%
over $253,414 52.50% 26.25% 32.40% 46.83% over $246,752 52.50% 26.25% 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 14.5% $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.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: September 28, 2025