This is New Brunswick income tax calculator for NB province residents in 2012-2020 years. Current tax rates in New Brunswick and federal tax rates are listed below.
IMPORTANT: This tax calculator is used for income tax estimation. Please use Intuit TurboTax if you want to fill your tax return and get tax rebate for previous year. It is free for simple tax returns or gives you 10% discount for more complicated tax returns.
Here is list of free tax return software to file your tax return.
New Brunswick income tax rates 2020
New Brunswick indexes its tax brackets using the same formula as that used federally. The inflation factor was 1.9% for 2020. Basic personal amount is $10,459 for 2020.
| Taxable income | Rate |
|---|---|
| from $0 to $43,401 | 9.68% |
| from $43,402 to $86,803 | 14.82% |
| from $86,804 to $141,122 | 16.52% |
| from $141,123 to $160,776 | 17.84% |
| over $160,777 | 20.30% |
Federal income tax rates in Canada for 2020
In 2020 Canadian federal income tax brackets and base amount were increased by 1.9%.
Federal personal base amount is $13,229.
| Taxable income | Rate |
|---|---|
| 0 – $48,536 | 15.00% |
| $48,536 – $97,069 | $5,295.90 + 20.50% for income over $48,536 |
| $97,069 – $150,473 | $15,245.37 + 26.00% for income over $97,069 |
| $150,473 – $214,368 | $29,130.41 + 29.00% for income over $150,473 |
| over $214,368 | $47,659.96 + 33.00% for income of $214,368 and over |
Historical New Brunswick tax brackets are listed here and historical federal tax brackets and rates can be found here.
Significant delays for 2019 paper tax returns
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Netfile software 2020 (for tax year 2019)
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CRA deferred the filing due date for the 2019 tax returns of individuals
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Netfile software 2019
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Provincial/Territorial Income Tax Rates and Brackets for 2019
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