New Brunswick

Tax brackets 2019

 

This document is up to date as of August 1, 2019 and reflects the status of legislation, including proposed amendments at this date.

FEDERAL – 2019
$47,630 or less 15%
$47,631 – $95,259 $7,145 + 20.5% on next $47,629
$95,260 – $147,667 $16,908 + 26% on next $52,408
$147,668 – $210,371   $30,535 + 29% on next $62,704
$210,372 and over   $48,719 + 33% on excess
  • 15% rate used for AMT.
  • Indexation rate of 2.2% for 2019.
NEW BRUNSWICK – 2019
$42,592 or less 9,68%
$42,593 – $85,184 $4,123 + 14.82% on next $42,592
$85,195 – $138,491 $10,435 + 16.52% on next $53,307
$138,492 – $157,778 $19,241 + 17.84% on next $19,287
$157,779 and over $22,682 + 20.30% on excess
  • AMT of 57% of federal AMT.
  • Indexation rate of 2.2% for 2019.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20191
Eligible Dividends2 Ordinary Dividends3
Federal 15.02% 9.03%4
New Brunswick 14.00%   2.75%5

1 Rates applicable to grossed-up dividends.
2 38% gross-up.
3 15% gross-up since January 1, 2019 (16% in 2018).
4 Since January 1, 2019 (10.03% in 2018).
5 Since January 1, 2019 (2.853% in 2018).
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