CRA & Revenu Québec, Provincial, Tax Basics

New Brunswick Tax Brackets and Credits

Did you know that one-third of the world’s French fries come from New Brunswick? The McCain brothers set up their first plant there in 1957 and their multi-billion-dollar company is still going strong!

New Brunswick has a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of New Brunswick compliment similar credits at the federal level, but there are some unique credits for residents of New Brunswick.

New Brunswick’s Progressive Tax Rate Structure

As with most provinces, New Brunswick uses a progressive tax structure, with five tax brackets. The tax brackets increase each year, based on inflation. Visit the government of New Brunswick’s Personal Income Tax page for current and previous year’s tax bracket rates.

New Brunswick’s Tax Brackets for Tax Year 2020

Tax Rate

Tax Bracket

Taxable Annual Income

9.68%  on the first $43,401  $43,401
14.82%  on the next $43,402  over $43,401 up to $86,803
16.52%  on the next $54,319  over $86,803 up to $141,122
17.84%  on the next $19,654  over $141,122 up to $160,776
20.3%  on the portion over $160,776  over $160,776

New Brunswick Credits

There is an allowable amount of income that you can earn before you must start paying taxes. That is called the “basic personal” or “personal amount.” For the 2020 tax year, the Federal Basic Personal Amount (BPA) is $13,229, while the New Brunswick amount is $10,459.

This TurboTax article provides more information on the federal tax rates, as well as links to other provinces and tax calculators: An Overview of Canada’s Tax Brackets.

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