Ministère des Finances
 

Department of Finance
Corporate Income Tax

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New Brunswick's corporate income tax is administered and collected by the federal government through the Canada Revenue Agency. New Brunswick corporate income tax rates are applied to federally defined New Brunswick taxable income.

General Corporate Income Tax Rate

 

2003
 

2004
 

2005
 

2006
 

2007
(January 1, 2007)

2008
 

2009
(July 1, 2009)

2010
(July 1, 2010)

2011
(July 1, 2011)

2012


General Rate


13%


13%


13%


13%


13%


13%


12%


11%


10%


10%

 

Small Business Corporate Income Tax Rate and Threshold


 

2003

2004
(July 1, 2004)

2005
(July 1, 2005)

2006
(July 1, 2006)

2007
(January 1, 2007)

2008
 

2009
(January 1, 2009)

2010

2011

2012
(January 1, 2012)


Small Business Rate

Small Business limit
(active business income)

3%

$400,000

2.50%

$425,000

2%

$450,000

1.50%

$475,000

5%

$400,000

5%

$400,000

5%

$500,000

5%

$500,000

5%

$500,000

4.5%

$500,000

The small business rate applies to active business income of Canadian controlled private corporations (CCPCs) up to the threshold amount of active business income. The benefit of the small business rate is reduced for CCPCs with taxable capital of more than $10 million and is not applicable to CCPCs with more than $15 million in taxable capital. The general corporate income tax rate is applied to all other corporate income.

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