New Brunswick

Tax brackets 2021

This document is up to date as of August 1, 2021 and reflects the status of legislation, including proposed amendments at this date.

FEDERAL – 2021
$49,020 or less 15%
$49,021 – $98,040 $7,353 + 20.5% on next $49,020
$98,041 – $151,978 $17,402 + 26% on next $53,938
$151,979 – $216,511   $31,426 + 29% on next $64,533
$216,512 and over   $50,141 + 33% on excess
  • 15% rate used for AMT.
  • Indexation rate of 1% for 2021.
NEW BRUNSWICK – 2021
$43,835 or less 9.40%1
$43,836 – $87,671 $4,120 + 14.82% on next $43,836
$87,672 – $142,534 $10,617 + 16.52% on next $54,863
$142,535 – $162,383 $19,680 + 17.84% on next $19,849
$162,383 and over $23,221 + 20.30% on excess
  • 57% rate used for AMT.
  • Indexation rate of 1% for 2021.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20212
Eligible Dividends3 Ordinary Dividends4
Federal 15.02% 9.03%
New Brunswick 14.00%   2.75%

1 Since January 1, 2021 (9.68% before that date).
2 Rates applicable to grossed-up dividends.
3 38% gross-up.
4 15% gross-up.
News and Insights