Credits & Deductions

Deductions From Pay, 2018: New Brunswick

Have you ever wondered just how much of your earnings are going to tax, and how much you are actually taking home? It’s important to know how much you take some so that you can properly keep a budget of your income and expenses.

Here is how much you would have taken home in 2018 if you lived in New Brunswick, broken down for salaries of $30,000, $100,000 and $250,000.

 

Gross Salary / Pension Income: $30,000

Tax Deducted (Federal + Provincial): $4,254

CPP Deducted: $1,312

EI Deducted: $498

Net Take Home Pay for 2018: $23,936

Monthly Pay: $1,995

Semi-Monthly Pay: $997

Bi-Weekly Pay: $921

 

Gross Salary / Pension Income: $100,000

Tax Deducted: $27,716

CPP Deducted: $2,594

EI Deducted: $858

Net Take Home Pay for 2018: $68,832

Monthly Pay: $5,736

Semi-Monthly Pay: $2,868

Bi-Weekly Pay: $2,647

 

 

Gross Salary / Pension Income: $250,000

Tax Deducted (Federal + Provincial): $100,291

CPP Deducted: $2,594

EI Deducted: $858

Net Take Home Pay for 2018: $146,257

Monthly Pay: $12,188

Semi-Monthly Pay: $6,094

Bi-Weekly Pay: $5,625