Highest1-YearGIC Ratesmaple leaf
Select GIC Term:

New Brunswick Income Tax Calculator 2023 & 2024.

This Page Was Last Updated: April 29, 2024
WOWA Trusted and Transparent
New Brunswick-image
New Brunswick
Estimate your 2022 & 2023 total income taxeswith only a few details about your income
Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains Before June 25
Capital Gains After June 24
RRSP Contributions
Additional Deductions
Eligible Dividends
Ineligible Dividends
Total Income
Adjusted Taxable Income

Total Tax
Federal Tax
Provincial Tax
EI Premiums
CPP Contribution
CPP2 Contribution

After Tax Income
Average Tax Rate
Marginal Tax Rate

These calculations include the following tax credits: basic personal amount, Canada employment amount, CPP/QPP, CPP2/QPP2, QPIP, EI premiums, and dividend tax credits. You may be eligible for other tax credits based on your province and income.

Canada Federal and New Brunswick Tax Brackets 2024
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
$55,867 or less 15%
$55,868 to $111,73320.5%
$111,734 to $173,20526%
$173,206 to $246,75229%
More than $246,753 33%
New Brunswick tax bracketNew Brunswick tax rates
Up to $49,958 9.4%
$49,959 to $99,91614%
$99,917 to $185,06416%
More than $185,065 19.5%
Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Mortgage Term:

New Brunswick Income Tax Brackets Changes

The income tax rates in New Brunswick remain unchanged for 2024. The tax brackets were increased by an indexation factor of 1.047, based on the CPI (Consumer Price Index). The revision to the income tax brackets is outlined in the table below.

New Brunswick Provincial Income Tax Changes 2024

Up to $47,715Up to $49,9589.4%
$47,716 to $95,431$49,959 to $99,91614.0%
$95,432 to $176,756$99,917 to $185,06416.0%
More than $176,756More than $185,06419.5%

Source: Canada Revenue Agency

The basic personal amount for 2024 in New Brunswick is $13,044. The basic personal amount is the amount on which you are not required to pay any tax. You will not owe any provincial income tax if your income is lower than the basic personal amount. If your income is more than the basic personal amount, you can subtract the tax on this amount from the total income tax calculated. The following table outlines the changes to personal tax credit amounts from 2023 to 2024.

New Brunswick Personal Tax Credits 2023 - 2024

Basic Personal Amount$12,458$13,044
Maximum Spouse/Common-Law Partner Amount$9,764$11,246

Source: Canada Revenue Agency

New Brunswick Low-Income Tax Reduction

Low-Income Tax Reduction was implemented in the province in 2001, with the aim to reduce the tax payable for low-income individuals and families. The low-income tax reduction provides a non-refundable tax credit depending on your income. For 2023, you are eligible for this tax credit if your income is less than $45,252 or your family income is less than $70,118.

You can claim an amount of up to $746 for yourself. Additionally, you can claim an amount of $746 if you have an eligible spouse/common-law partner, plus $746 for an eligible dependant. The maximum reduction that can be claimed is $1,492.

The income threshold is $20,385. This means if your income exceeds this amount, you will receive a reduced credit, calculated using a phase-out rate of 3%.

New Brunswick Low-Income Seniors' Benefit

Those receiving the Guaranteed Income Supplement (GIS), Allowance for Survivor Program, or the Allowance Program are eligible for a $400 benefit. Only one benefit will be granted if both spouses are eligible and reside in one household. However, spouses living separately will both be eligible for the benefit.

Other Credits in New Brunswick

There are several other credits available to residents of New Brunswick that can reduce the income tax you owe, such as:

  • Age amount
  • Disability Amount
  • Caregiver Amount
  • Medical Expense Credit
  • NB Political Contribution Tax Credit
  • NB Small Business Investor Tax Credit

The list of other credits available in New Brunswick can be found on the New Brunswick government website’s Personal Income Tax page.