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Atlantic Provinces   ->   New Brunswick ->
Tax Rates   ->   Current Marginal Tax Rates -> New Brunswick

New Brunswick 2019 and 2018 Personal Marginal Income Tax Rates

New Brunswick Income Tax Act s. 14, 16.1, 19, 35

The Federal and New Brunswick tax brackets and personal amount are increased for 2019 by an indexation factor of 1.022.  New Brunswick uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The gross-up rate for non-eligible dividends was revised for 2018 and 2019, 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

2019 Taxable Income 2019 Tax Rates 2018 Taxable Income 2018 Tax Rates
first $42,592 9.68% first $41,675 9.68%
over $42,592 up to $85,184 14.82% over $41,675 up to $83,351 14.82%
over $85,184 up to $138,491 16.52% over $83,351 up to $135,510 16.52%
over $138,491 up to $157,778 17.84% over $135,510 up to $154,382 17.84%
over $157,778 20.30% over $154,382 20.30%

Combined Federal & New Brunswick Tax Brackets and Tax Rates

2019 Taxable Income 2019 Marginal Tax Rates 2018 Taxable Income 2018 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $42,592 24.68% 12.34% -5.99% 14.83% first $41,675 24.68% 12.34% -5.99% 13.68%
over $42,592 up to $47,630 29.82% 14.91% 1.10% 20.75% over $41,675 up to $46,605 29.82% 14.91% 1.10% 19.65%
over $47,630 up to $85,184 35.32% 17.66% 8.69% 27.07% over $46,605 up to $83,351 35.32% 17.66% 8.69% 26.03%
over $85,184 up to $95,259 37.02% 18.51% 11.04% 29.03% over $83,351 up to $93,208 37.02% 18.51% 11.04% 28.00%
over $95,259 up to $138,491 42.52% 21.26% 18.63% 35.35% over $93,208 up to $135,510 42.52% 21.26% 18.63% 34.38%
over $138,491 up to $147,667 43.84% 21.92% 20.45% 36.87% over $135,510 up to $144,489 43.84% 21.92% 20.45% 35.91%
over $147,667 up to $157,778 46.84% 23.42% 24.59% 40.32% over $144,489 up to $154,382 46.84% 23.42% 24.59% 39.39%
over $157,778 up to $210,371 49.30% 24.65% 27.99% 43.15% over $154,382 up to $205,842 49.30% 24.65% 27.99% 42.24%
over $210,371 53.30% 26.65% 33.51% 47.75% over $205,842 53.30% 26.65% 33.51% 46.88%

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% in 2019, and 16% in 2018.
For more information see New Brunswick dividend tax credits.

New Brunswick Basic Personal Amount

2019 Personal Amount 2019 Tax Rate 2018 Personal Amount 2018 Tax Rate
$10,264 9.68% $10,043 9.68%

Federal Basic Personal Amount

2019 Personal Amount 2019 Tax Rate 2018 Personal Amount 2018 Tax Rate
$12,069 15% $11,809 15%
 

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Revised: November 13, 2018

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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