Table I4 - Tax Brackets - New Brunswick | Raymond Chabot Grant Thornton

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FR

2024-2025 Tax Planning Guide
Tables
Table I4 – Tax Brackets – New Brunswick

3- New Brunswick

FEDERAL – 2024
$55,867 or less	15.0%
$55,868 – $111,733	$8,380 + 20.5% on next $55,866
$111,734 – $173,205	$19,833 + 26.0% on next $61,472
$173,206 – $246,752	$35,815 + 29.0% on next $73,547
$246,753 and over	$57,144 + 33.0% on excess

20.5% rate used for AMT¹.
Indexation rate of 4.7% in 2024.

NEW BRUNSWICK – 2024
$49,958 or less	9.40%
$49,999 – $99,916	$4,696 + 14.00% on next $49,958
$99,917 – $185,064	$11,690 + 16.00% on next $85,148
$185,065 and over	$25,314 + 19.50% on excess

AMT of 57% of federal AMT.
Indexation rate of 4.7% in 2024.

TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 2024²
	Eligible Dividends³	Ordinary Dividends⁴
Federal	15.02%	9.03%
New Brunswick	14.00%	2.75%

¹ Standard $173,206 exemption amount in 2024, indexed annually to inflation as of 2025. Since 2024, the income on which the AMT applies (AMT base) has also been revised.

² Rates applicable to grossed-up dividends.

³ Grossed up by 38%.

⁴ Grossed up by 15%.

Individual Taxation – New Brunswick – 2025 Tables

You can also consult the tables for the current year.

Download the document Individual_Taxation_New_Brunswick_2025

Tax Table – New Brunswick 2024
See Tax Table – New Brunswick 2024
Table I2 – Main Non-Refundable Tax Credits - N.B. 2024
See Table I2 – Main Non-Refundable Tax Credits - N.B. 2024
Table I3 – Marginal Rates - N.B. 2024
See Table I3 – Marginal Rates - N.B. 2024
Table I4 - Tax Brackets - New Brunswick
See Table I4 - Tax Brackets - New Brunswick

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