This is New Brunswick income tax calculator for NB province residents in 2012-2023 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 15% discount for more complicated tax returns.
Here is list of free tax return software to file your tax return.
New Brunswick income tax rates 2023
New Brunswick indexes its tax brackets using the same formula as that used federally. The inflation factor was 6.3% for 2023. Basic personal amount is $12,458 for 2023.
| Taxable income | Rate |
|---|---|
| from $0 to $47,715 | 9.40% |
| from $47,716 to $95,431 | 14.00% |
| from $95,432 to $176,756 | 16.00% |
| over $176,756 | 19.50% |
Federal income tax rates in Canada for 2023
In 2023 Canadian federal income tax brackets and base amount were increased by 6.3%.
Federal personal base amount is $15,000.
| Taxable income | Rate |
|---|---|
| 0 – $53,359 | 15.00% |
| $53,359 – $106,717 | $5,753.85 + 20.50% for income over $53,359 |
| $106,717 – $165,430 | $16,692.24 + 26.00% for income over $106,717 |
| $165,430 – $235,675 | $31,957.62 + 29.00% for income over $165,430 |
| over $235,675 | $52,328.67 + 33.00% for income of $235,675 and over |
Historical New Brunswick tax brackets are listed here and historical federal tax brackets and rates can be found here.