CRA & Revenu Québec, Forms & Schedules, Provincial, Tax News

2018 Provincial Tax Brackets: New Brunswick

New Brunswick Tax Brackets 2018

  • 9.68% on the first $41,675 of taxable income, plus
  • 14.82% on the portion of taxable income that is more than $41,675 but not more than $83,351, plus
  • 16.52% on the portion of taxable income that is more than $83,351 but not more than $135,510, plus
  • 17.84% on the portion of taxable income that is more than $135,510 but not more than $154,382, plus
  • 20.3% on taxable income over $154,382.

Non-refundable tax credits, credits and reductions

New Brunswick offers the following credits and reductions to further reduce your amount of provincial tax payable:

New Brunswick seniors’ home renovation tax credit

New Brunswick offers the New Brunswick seniors’ home renovation tax credit which is a refundable credit.

 

New For 2018

What’s new for New Brunswick for 2018?

Form NB428, New Brunswick Tax and Credits, is used to calculate your provincial tax.

Form NB(S12), New Brunswick Seniors’ Home Renovation Tax Credit, is used to calculate your New Brunswick seniors’ home renovation tax credit.

New Brunswick-related CRA Forms and publications