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3- New Brunswick

Tax Table – New Brunswick 2024

TAX TABLE
Taxable Income $ Tax Effective Rate % Marginal Rate
Federal $ New Brunswick $ Total $ Federal % New Brunswick % Total %
10,000 – – – 0.00 0.00 0.00 0.00
11,000 – – – 0.00 0.00 0.00 0.00
12,000 – – – 0.00 0.00 0.00 0.00
13,000 – – – 0.00 0.00 8.99 8.99
14,000 – 90 90 0.64 0.00 9.40 9.40
15,000 – 184 184 1.23 4.43 9.40 13.83
16,000 44 278 322 2.01 15.00 9.40 24.40
17,000 194 372 566 3.33 15.00 9.40 24.40
18,000 344 466 810 4.50 15.00 9.40 24.40
19,000 494 560 1,054 5.55 15.00 9.40 24.40
20,000 644 654 1,298 6.49 15.00 9.40 24.40
21,000 794 748 1,542 7.34 15.00 9.40 24.40
22,000 944 842 1,786 8.12 15.00 9.40 24.40
23,000 1,094 936 2,030 8.83 15.00 9.40 24.40
24,000 1,244 1,030 2,274 9.48 15.00 9.40 24.40
25,000 1,394 1,124 2,518 10.07 15.00 9.40 24.40
26,000 1,544 1,218 2,762 10.62 15.00 9.40 24.40
27,000 1,694 1,312 3,006 11.13 15.00 9.40 24.40
28,000 1,844 1,406 3,250 11.61 15.00 9.40 24.40
29,000 1,994 1,500 3,494 12.05 15.00 9.40 24.40
30,000 2,144 1,594 3,738 12.46 15.00 9.40 24.40
31,000 2,294 1,688 3,982 12.85 15.00 9.40 24.40
32,000 2,444 1,782 4,226 13.21 15.00 9.40 24.40
33,000 2,594 1,876 4,470 13.55 15.00 9.40 24.40
34,000 2,744 1,970 4,714 13.87 15.00 9.40 24.40
35,000 2,894 2,064 4,958 14.17 15.00 9.40 24.40
36,000 3,044 2,158 5,202 14.45 15.00 9.40 24.40
37,000 3,194 2,252 5,446 14.72 15.00 9.40 24.40
38,000 3,344 2,346 5,690 14.97 15.00 9.40 24.40
39,000 3,494 2,440 5,934 15.22 15.00 9.40 24.40
40,000 3,644 2,534 6,178 15.45 15.00 9.40 24.40
41,000 3,794 2,628 6,422 15.66 15.00 9.40 24.40
42,000 3,944 2,722 6,666 15.87 15.00 9.40 24.40
43,000 4,094 2,816 6,910 16.07 15.00 9.40 24.40
44,000 4,244 2,910 7,154 16.26 15.00 9.40 24.40
45,000 4,394 3,004 7,398 16.44 15.00 9.40 24.40
46,000 4,544 3,098 7,642 16.61 15.00 9.40 24.40
47,000 4,694 3,192 7,886 16.78 15.00 9.40 24.40
48,000 4,844 3,286 8,130 16.94 15.00 9.40 24.40
49,000 4,994 3,380 8,374 17.09 15.00 9.59 24.59
50,000 5,144 3,476 8,620 17.24 15.00 14.00 29.00
51,000 5,294 3,616 8,910 17.47 15.00 14.00 29.00
52,000 5,444 3,756 9,200 17.69 15.00 14.00 29.00
53,000 5,594 3,896 9,490 17.91 15.00 14.00 29.00
54,000 5,744 4,036 9,780 18.11 15.00 14.00 29.00
55,000 5,894 4,176 10,070 18.31 15.73 14.00 29.73
56,000 6,052 4,316 10,368 18.51 20.50 14.00 34.50
57,000 6,257 4,456 10,713 18.79 20.50 14.00 34.50
58,000 6,462 4,596 11,058 19.06 20.50 14.00 34.50
59,000 6,667 4,736 11,403 19.33 20.50 14.00 34.50
60,000 6,872 4,876 11,748 19.58 20.50 14.00 34.50
61,000 7,077 5,016 12,093 19.82 20.50 14.00 34.50
62,000 7,282 5,156 12,438 20.06 20.50 14.00 34.50
63,000 7,487 5,296 12,783 20.29 20.50 14.00 34.50
64,000 7,692 5,436 13,128 20.51 20.50 14.00 34.50
65,000 7,897 5,576 13,473 20.73 20.50 14.00 34.50
66,000 8,102 5,716 13,818 20.94 20.50 14.00 34.50
67,000 8,307 5,856 14,163 21.14 20.50 14.00 34.50
68,000 8,512 5,996 14,508 21.33 20.50 14.00 34.50
69,000 8,717 6,136 14,853 21.53 20.50 14.00 34.50
70,000 8,922 6,276 15,198 21.71 20.50 14.00 34.50
71,000 9,127 6,416 15,543 21.89 20.50 14.00 34.50
72,000 9,332 6,556 15,888 22.07 20.50 14.00 34.50
73,000 9,537 6,696 16,233 22.24 20.50 14.00 34.50
74,000 9,742 6,836 16,578 22.40 20.50 14.00 34.50
75,000 9,947 6,976 16,923 22.56 20.50 14.00 34.50
80,000 10,972 7,676 18,648 23.31 20.50 14.00 34.50
85,000 11,997 8,376 20,373 23.97 20.50 14.00 34.50
90,000 13,022 9,076 22,098 24.55 20.50 14.00 34.50
95,000 14,047 9,776 23,823 25.08 20.50 14.03 34.53
100,000 15,072 10,477 25,549 25.55 20.50 16.00 36.50
105,000 16,097 11,277 27,374 26.07 20.50 16.00 36.50
110,000 17,122 12,077 29,199 26.54 24.09 16.00 40.09
115,000 18,326 12,877 31,203 27.13 26.00 16.00 42.00
120,000 19,626 13,677 33,303 27.75 26.00 16.00 42.00
125,000 20,926 14,477 35,403 28.32 26.00 16.00 42.00
130,000 22,226 15,277 37,503 28.85 26.00 16.00 42.00
140,000 24,826 16,877 41,703 29.79 26.00 16.00 42.00
150,000 27,426 18,477 45,903 30.60 26.00 16.00 42.00
160,000 30,026 20,077 50,103 31.31 26.00 16.00 42.00
170,000 32,626 21,677 54,303 31.94 28.25 16.00 44.25
180,000 35,452 23,277 58,729 32.63 29.32 17.73 47.05
190,000 38,383 25,050 63,433 33.39 29.32 19.50 48.82
200,000 41,315 27,000 68,315 34.16 29.56 19.50 49.06
250,000 56,092 36,750 92,842 37.14 33.00 19.50 52.50
300,000 72,592 46,500 119,092 39.70 33.00 19.50 52.50
350,000 89,092 56,250 145,342 41.53 33.00 19.50 52.50
400,000 105,592 66,000 171,592 42.90 33.00 19.50 52.50

Marginal rate applies on each dollar of additional income.

Federal

  1. Basic personal credit of $2,356 (gradually reduced when income is greater than $173,205, up to a minimum credit of $2,123)
  2. Indexation rate of 4.7%.

New Brunswick

  1. This table does not take into account the low-income tax reduction.
  2. Basic personal credit of $1,226.
  3. Indexation rate of 4.7%.

3- New Brunswick

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