New Brunswick tax brackets and rates

Here is a list of historical tax brackets and tax rates for New Brunswick. Use New Brunswick tax calculator to check how much taxes you need to pay.

Income tax rates for 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 incomeRate
from $0 to $43,4019.68%
from $43,402 to $86,80314.82%
from $86,804 to $141,12216.52%
from $141,123 to $160,77617.84%
over $160,77720.30%

Income tax rates for 2019

New Brunswick indexes its tax brackets using the same formula as that used federally. The inflation factor was 2.2% for 2019. Basic personal amount is $10,264 for 2019.

Taxable incomeRate
from $0 to $42,5929.68%
from $42,593 to $85,18414.82%
from $85,185 to $138,49116.52%
from $138,492 to $157,77817.84%
over $157,77920.30%

Income tax rates for 2018

New Brunswick indexes its tax brackets using the same formula as that used federally. The inflation factor was 1.5% for 2018. Basic personal amount is $10,043 for 2018.

Taxable incomeRate
from $0 to $41,6759.68%
from $41,676 to $83,35114.82%
from $83,352 to $135,51016.52%
from $135,511 to $154,38217.84%
over $154,38320.30%

Income tax rates for 2017

New Brunswick indexes its tax brackets using the same formula as that used federally. The inflation factor was 1.4% for 2017. Basic personal amount is $9,895 for 2017.

Taxable incomeRate
from $0 to $41,0599.68%
from $41,060 to $82,11914.82%
from $82,120 to $133,50716.52%
from $133,508 to $152,10017.84%
over $152,10120.30%

Income tax rates for 2016

In 2016 NB basic personal amount and tax brackets were indexed using federal indexation factor 1.3. Basic personal amount is $9,758 for 2016.

Taxable incomeRate
from $0 to $40,4929.68%
from $40,493 to $80,98514.82%
from $80,986 to $131,66416.52%
from $131,665 to $150,00017.84%
over $150,00120.30%

Income tax rates for 2015

In 2015 NB basic personal amount and tax brackets were indexed using federal indexation factor 1.7. Basic personal amount is $9,633 for 2015.

It was added new tax brackets for income over $150,000 and $250,000.

Taxable incomeRate
from 0 up to $39,9739.68%
from $39,973.01 up to $79,94614.82%
from $79,946.01 up to $129,97516.52%
from $129,975.01 up to $150,00017.84%
from $150,000.01 up to $250,00021%
over $250,00025.75%

Income tax rates for 2014

In 2014 NB basic personal amount and tax brackets were increased by 0.9%. Basic personal amount is $9,472 for 2014.

Taxable incomeRate
from 0 up to $39,3059.68%
from $39,305.01 up to $78,60914.82%
from $78,609.01 up to $127,80216.52%
over $127,80217.84%

Income tax rates for 2013

In 2013 NB basic personal amount and tax brackets were indexed using federal indexation factor 1.02. Basic personal amount is $9,388 for 2013.
Income tax rates for all tax brackets were increased by 3-17% for 2013.

Taxable incomeRate
from 0 up to $38,9549.39%
from $38,954.01 up to $77,90813.46%
from $77,908.01 up to $126,66214.46%
over $126,66216.07%

Income tax rates for 2012

Basic personal amount for 2012 in NB was $9,203.

Taxable incomeRate
from 0 up to $38,1909.10%
from $38,190.01 up to $76,38012.10%
from $76,380.01 up to $124,17812.40%
over $124,17814.30%