Government of New Brunswick

New Brunswick's corporate income tax is administered and collected by the federal government through the Canada Revenue Agency. New Brunswick corporate income tax rates are applied to federally defined New Brunswick taxable income.

 

General Corporate Income Tax Rate

  2005

 
2006

 
2007
(Jan. 1,
2007)
2008

 
2009
(July 1,
2009)
2010
July 1,
2010)
2011
(July 1,
2011)
2012

 
2013
(July 1,
2013)
2014

 
2015

 
2016
(April 1,
2016)
General
Rate
13% 13% 13%
13%
12% 11% 10% 10%
12%
12%
12%
14%

    

Small Business Corporate Income Tax Rate and Threshold

  2005
(July 1,
2005)
2006
(Jan. 1,
2006)
2007
(Jan. 1,
2007)
2008

 
2009
(Jan. 1,
2009)
2010


2011


2012
(Jan. 1
2012)
2013


2014

 
2015
(Jan. 1
2015)
Small Business
Rate
12% 1,50% 5%
5%
5% 5% 5% 4.5%
4.5%
4.5%
4%
Small Business limit
(active business 
incomne)
$450,000 $475,000 $400,000 $400,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000

    

The small business rate applies to active business income of Canadian controlled private corporations (CCPCs) up to the threshold amount of active business income. The benefit of the small business rate is reduced for CCPCs with taxable capital of more than $10 million and is not applicable to CCPCs with more than $15 million in taxable capital. The general corporate income tax rate is applied to all other corporate income.