Department of Finance

 

Department of Finance
New Brunswick Personal Income Tax

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

 

2005

2006

2007

2008

2009

2010

Income Tax Rates
(on taxable income)

9.68% on first $32,730
14.82% on $32,730 to
$65,462
16.52% on $65,462 to
$106,427
17.84% over $106,427

9.68% on first $33,450
14.82% on $33,450 to
$66,902
16.52% on $66,902 to
$108,768
17.84% over $108,768

10.12% on first $34,186
15.48% on $34,186 to
$68,374
16.80% on $68,374 to
$111,161
17.95% over $111,161

10.12% on first $34,836
15.48% on $34,836 to
$69,673
16.80% on $69,673 to
$113,273
17.95% over $113,273

9.65% on first $35,707
14.50% on $35,707 to
$71,415
16.00% on $71,415 to
$116,105
17.00% over $116,105

9.30% on first $36,421
12.50% on $36,421 to
$72,843
13.30% on $72,843 to
$118,427
14.30% over $118,427

Selected Tax Credit Amounts*

2005

2006

2007

2008

2009

2010


Basic Personal Amount
Spousal/Equivalent Amount
Age Amount
Disability Amount


$7,888
$6,698
$3,851
$6,386


$8,061
$6,845
$3,936
$6,526


$8,239
$6,996
$4,023
$6,670


$8,395
$7,129
$4,099
$6,797


$8,605
$7,307
$4,202
$6,966


$8,777
$7,453
$4,286
$7,106


Low-Income Tax Reduction
Threshold Amounts (Single tax filer)

Phase-Out Rate


$12,713


5%


$12,992


5%


$13,750


5%


$14,011


5%


$14,361


4%


$14,648


3%

*Note: Tax credit amounts are multiplied by the lowest New Brunswick personal income tax rate to calculate the provincial tax credits.

The New Brunswick Low-Income Tax Reduction was implemented commencing 2001. These amounts are used to reduce tax payable.

Eligible low-income families with dependent children may also receive the New Brunswick Child Tax Benefit and the New Brunswick Working Income Supplement, depending upon their income level.

Tax filers may also qualify for other personal non-refundable tax credits provided by the Province of New Brunswick. Following is the list of non-refundable tax credits available to eligible tax filers:

Non-Refundable Tax Credits

Basic Personal Amount

Age Amount

Spouse or Common Law Amount

Amount for Eligible Dependant

Amount for Infirmed Dependants Age 18 or Older

Canada Pension Plan Contributions

Employment Insurance Premiums

Pension Income Amount

Caregiver Amount

Disability Amount

Disability Supplement Amount

Interest Paid on Student Loans

Tuition and Education Amounts

Amount Transferred from Spouse or Common Law Partner

Medical Expense Credit

Donations and Gifts

Dividend Tax Credit

Overseas Employment Tax Credit

Foreign Tax Credit

NB Low-Income Tax Reduction

NB Political Contribution Tax Credit

NB Labor-Sponsored Venture Capital Tax Credit

NB Small Business Investor Tax Credit

For information on eligibility for these credits, contact the Canada Revenue Agency (CRA) at 1-800-959-8281 or visit the Canada Revenue Agency website.

© 2007
Department of Finance
P.O. Box 6000
Centennial Building
Fredericton, N.B. E3B 5H1
tel.: (506) 453-2451 fax: (506) 457-4989
e-mail: http://www.gnb.ca/0024/SendMail-e.asp
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