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
  • 15% rate used for AMT.
  • Indexation rate of 1.9% for 2020.
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
  • 57% rate used for AMT.
  • Indexation rate of 1.9% for 2020.
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.
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