New Brunswick's personal income tax is administered and collected by the federal government through the Canada Revenue Agency. New Brunswick personal income tax rates and bracket structure are applied to federally-defined New Brunswick taxable income.
Personal Income Tax
Tax credit amounts are multiplied by the lowest New Brunswick personal income tax rate to calculate the provincial tax credits.
The New Brunswick Low-Income Tax Reduction was implemented commencing 2001. These amounts are used to reduce tax payable.
Eligible low-income families with dependent children may also receive the New Brunswick Child Tax Benefit and the New Brunswick Working Income Supplement, depending upon their income level.
Tax filers may also qualify for other personal non-refundable tax credits provided by the Province of New Brunswick. Following is the list of non-refundable tax credits available to eligible tax filers:
Non-Refundable Tax Credits
- Basic Personal Amount
- Age Amount
- Spouse or Common Law Amount
- Amount for Eligible Dependant
- Amount for Infirmed Dependants Age 18 or Older
- Canada Pension Plan Contributions
- Employment Insurance Premiums
- Pension Income Amount
- Caregiver Amount
- Disability Amount
- Disability Supplement Amount
- Interest Paid on Student Loans
- Tuition and Education Amounts
- Amount Transferred from Spouse or Common Law Partner
- Medical Expense Credit
- Donations and Gifts
- Dividend Tax Credit
- Overseas Employment Tax Credit
- Foreign Tax Credit
- NB Low-Income Tax Reduction
- NB Political Contribution Tax Credit
- NB Labor-Sponsored Venture Capital Tax Credit
- NB Small Business Investor Tax Credit
For information on eligibility for these credits, contact the Canada Revenue Agency (CRA) at 1-800-959-8281 or visit the Canada Revenue Agency website.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Income Tax Rates (on taxable income) |
9.68% on first $40,492 |
9.68% on first $41,059 |
9.68% on first $41,675 |
9.68% on first $42,592 |
9.68% on first $43,401 |
9.4% on first $43,835 |
9.4% on first $44,887 |
9.4% on first $47,715 |
9.4% on first $49,958 |
| 14.82% on 40,492 to $80,985 |
14.82% on $41,059 to $82,119 |
14.82% on $41,675 to $83,351 |
14.82% on $42,592 to $85,184 |
14.82% on $43,401 to $86,803 |
14.82% on $43,835 to $87,671 |
14.82% on $44,887 to $89,775 |
14% on $47,715 to $95,431 |
14% on $49,958 to $99,916 |
|
| 16.52% on $80,985 to $131,664 |
16.52% on $82,119 to $133,507 |
16.52% on $83,351 to $135,510 |
16.52% on $85,184 to $138,491 |
16.52% on $86,803 to $141,122 |
16.52% on $87,671 to $142,534 |
16.52% on $89,775 to $145,955 |
16% on $95,431 to $176,756 |
16% on $99,916 to $185,064 |
|
| 17.84% on $131,664 to $150,000 |
17.84% on $133,507 to $152,100 |
17.84% on $135,510 to $154,382 |
17.84% on $138,491 to $157,778 |
17.84% on $141,122 to $160,776 |
17.84% on $142,534 to $162,383 |
17.84% on $145,955 to $166,280 |
19.5% over $176,756 |
19.5% over $185,064 |
|
| 20.3% over $150,000 |
20.3% over $152,100 |
20.3% over $154,382 |
20.3% over $157,778 |
20.3% over $160,776 |
20.3% over $162,383 |
20.3% over $166,280 |
|||
Selected Tax Credit Amounts
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Basic Personal Amount | $9,758 | $9,895 | $10,043 | $10,264 | $10,459 | $10,564 | $11,720 | $12,458 | $13,044 |
| Spousal/Equivalent Amount | $8,286 | $8,402 | $8,528 | $8,716 | $8,882 | $8,970 | $9,186 | $9,764 | $10,223 |
| Age Amount | $4,765 | $4,831 | $4,904 | $5,012 | $5,107 | $5,158 | $5,282 | $5,615 |
$5,878 |
| Disability Amount | $7,900 | $8,011 | $8,131 | $8,310 | $8,468 | $8,552 | $8,757 | $9,309 |
$9,747 |
Low-Income Tax Reduction
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Threshold Amounts (Single tax filer) |
$16,285 | $16,513 | $16,761 | $17,130 |
$17,455 | $17,840 | $19,177 | $20,385 | $21,343 | |
| Phase-Out Rate | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% |