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!

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.

Key takeaways
  1. New Brunswick uses a progressive tax structure, with five tax brackets. 
  2. Form NB428 is used to calculate New Brunswick’s tax, as well as non-refundable tax credits.
  3. You may be taxed at different rates depending on the amount of income you have earned in any given year.

New Brunswick’s tax brackets for Tax Year 2022

Tax RateTax BracketTaxable Annual Income
9.40% on the first $44,887 $44,887
14.82% on the next $44,888over $44,887 up to $89,775
16.52% on the next $56,180over $89,775 up to $145,955
17.84%on the next $20,325over $145,955 up to $166,280
20.3%on the portion over $166,280 over $166,280

For 2021 tax rates, review this link from the Canadian Government.

How New Brunswick’s tax brackets work

Under the current tax on income method, tax for all provinces (except Québec) and territories is calculated the same way as federal tax. Form NB428 is used to calculate this provincial or territorial tax, as well as non-refundable tax credits.

Your taxable income represents all income earned minus federal deductions like the RRSP deduction and child care expenses. For more information on taxable income, visit this link from TurboTax.

There’s an allowable amount of income that you can earn before you must start paying taxes. That is called the “basic personal amount” or “BPA.” For the 2022 tax year, the federal basic personal amount (BPA) is $14,398, while the New Brunswick BPA amount is $11,720.

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

New Brunswick’s provincial tax credits 

A complete list of non-refundable tax credits and other credits or deductions for New Brunswick residents can be found at this CRA link: New Brunswick tax and credits

For federal rates, review the following TurboTax article – Canada’s federal personal income tax brackets and tax rates.