New Brunswick Income Tax Calculator 2021.

New Brunswick-image
New Brunswick
Estimate your 2020 & 2021 total income taxeswith only a few details about your income
Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains
Eligible Dividends
Ineligible Dividends

Results

Total Income
$50,000
Total Tax
$12,941.25
Income Tax
$9,617
EI Premiums
$790
CPP ContributionQPP Contribution
$2,534.25
After Tax Income
$37,058.75
Average Tax Rate
19.23%
Marginal Tax Rate
35.32%
Canada Federal and New Brunswick Tax Brackets 2021
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
Less than $13,808 0%
$13,809 to $49,02015%
$49,021 to $98,04020.5%
$98,041 to $151,97826%
$151,979 to $216,51129%
More than $216,512 33%
New Brunswick tax bracketNew Brunswick tax rates
Less than $17,638 0%
$17,639 to $40,46412.68%
$40,465 to $43,8359.68%
$43,836 to $87,67114.82%
$87,672 to $142,53416.52%
$142,535 to $162,38317.84%
More than $162,384 20.3%

New Brunswick Income Tax Brackets Changes

Income thresholds will be increasing by 1% for the 2021 tax year.

New Brunswick Provincial Income Tax Changes 2021

20202021Rate
Less than $10,459Less than $10,5640%
$10,460 to $43,401$10,565 to $43,8359.68%
$43,402 to $86,803$43,836 to $87,67114.82%
$86,804 to $141,122$87,672 to $142,53416.52%
$141,123 to $160,776$142,535 to $162,38317.84%
More than $160,776More than $162,38320.30%

New Brunswick Low-Income Tax Reduction

The low income tax reduction provides a non-refundable tax credit depending on your income. You are eligible for this tax credit if your income is less than $40,055, or your family income is less than $62,655.

The amount of the low-income tax reduction is:

  • $678 plus $678 for eligible spouse/common-law partner plus $678 for eligible dependant, up to a maximum reduction of $1,356.
  • Reduced from this reduction is your net family income minus $17,455 multiplied by the applicable rate of 3%.
  • If the result of the reduced reduction is greater than zero, then subtract your family income by this reduction.

The result of this is the tax credit you will receive for the low-income tax reduction.

New Brunswick Low-Income Seniors' Benefit

Those receiving the Guaranteed Income Supplement, Allowance for Survivor Program, or the Allowance Program are eligible to receive a $400 benefit. If both spouses are eligible, only one benefit can be paid.