New Brunswick
Tax brackets 2020
This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.
| FEDERAL – 2020 | ||
|---|---|---|
| $48,535 or less | 15% | |
| $48,536 – $97,069 | $7,280 + 20.5% on next $48,534 | |
| $97,070 – $150,473 | $17,230 + 26% on next $53,404 | |
| $150,474 – $214,368 | $31,115 + 29% on next $63,895 | |
| $214,369 and over | $49,644 + 33% on excess | |
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| NEW BRUNSWICK – 2020 | ||
| $43,401 or less | 9.68% | |
| $43,402 – $86,803 | $4,201 + 14.82% on next $43,402 | |
| $86,804 – $141,122 | $10,633 + 16.52% on next $54,319 | |
| $141,123 – $160,776 | $19,607 + 17.84% on next $19,654 | |
| $160,777 and over | $23,113 + 20.30% on excess | |
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| TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20201 | ||
| Eligible Dividends2 | Ordinary Dividends3 | |
| Federal | 15.02% | 9.03% |
| New Brunswick | 14.00% | 2.75% |
1 Rates applicable to grossed-up dividends. 2 38% gross-up. 3 15% gross-up.
This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.
Tax brackets 2020
New Brunswick
