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The 2024
Federal Budget proposed an increase in the capital gains inclusion rate
to
66 2/3% for the portion of gains realized after June 24, 2024 in excess of
$250,000, for an individual. We've added an extra column below, to show the marginal tax rate for
those gains. The inclusion rate is still 50% for the portion of gains up to
$250,000 after June 24, 2024.
The federal and New Brunswick indexation factors, tax brackets and tax rates for
2024 have been confirmed to Canada Revenue Agency
(CRA) 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
2024
Taxable Income
2024
Tax Rates
2023
Taxable Income
2023
Tax Rates
first $49,958
9.4%
first $47,715
9.4%
over $49,958 up to $99,916
14.0%
over $47,715 up to $95,431
14.0%
over $99,916 up to $185,064
16.0%
over $95,431 up to $176,756
16.0%
over $185,064
19.5%
over $176,756
19.5%
TaxTips.ca - Combined Federal
& New Brunswick Tax Brackets and Tax Rates
(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.
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