New Brunswick
Tax brackets 2023
This document is up to date as of August 31, 2023 and reflects the status of legislation, including proposed amendments at this date.
For rates in 2024, consult this pdf.
FEDERAL – 2023 | ||
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$53,359 or less | 15% | |
$53,360 – $106,717 | $8,004 + 20.5% on next $53,358 | |
$106,718 – $165,430 | $18,942 + 26% on next $58,713 | |
$165,431 – $235,675 | $34,208 + 29% on next $70,245 | |
$236,676 and over | $54,579 + 33% on excess | |
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NEW BRUNSWICK – 2023 | ||
$47,715 or less | 9.40% | |
$47,716 – $95,431 | $4,485 + 14% on next $47,716 | |
$95,432 – $176,756 | $11,165 + 16% on next $81,325 | |
$176,757 and over | $24,177 + 19.50% on excess | |
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TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20232 | ||
Eligible Dividends3 | Ordinary Dividends4 | |
Federal | 15.02% | 9.03% |
New Brunswick | 14.00% | 2.75% |
1 20.5% as of 2024. The income on which the AMT applies (AMT base) will be revised as of this date. 2 Rates applicable to grossed-up dividends. 3 38% gross-up. 4 15% gross-up.
This document is up to date as of August 31, 2023 and reflects the status of legislation, including proposed amendments at this date.
Tax brackets 2023
New Brunswick