| FEDERAL – 2024 | |
|---|---|
| $55,867 or less | 15.0% |
| $55,868 – $111,733 | $8,380 + 20.5% on next $55,866 |
| $111,734 – $173,205 | $19,833 + 26.0% on next $61,472 |
| $173,206 – $246,752 | $35,815 + 29.0% on next $73,547 |
| $246,753 and over | $57,144 + 33.0% on excess |
- 20.5% rate used for AMT1.
- Indexation rate of 4.7% in 2024.
| NEW BRUNSWICK – 2024 | |
|---|---|
| $49,958 or less | 9.40% |
| $49,999 – $99,916 | $4,696 + 14.00% on next $49,958 |
| $99,917 – $185,064 | $11,690 + 16.00% on next $85,148 |
| $185,065 and over | $25,314 + 19.50% on excess |
- AMT of 57% of federal AMT.
- Indexation rate of 4.7% in 2024.
| TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20242 | ||
|---|---|---|
| Eligible Dividends3 | Ordinary Dividends4 | |
| Federal | 15.02% | 9.03% |
| New Brunswick | 14.00% | 2.75% |
1 Standard $173,206 exemption amount in 2024, indexed annually to inflation as of 2025. Since 2024, the income on which the AMT applies (AMT base) has also been revised.
2 Rates applicable to grossed-up dividends.
3 Grossed up by 38%.
4 Grossed up by 15%.
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Tax Table – New Brunswick 2024
See Tax Table – New Brunswick 2024 -
Table I2 – Main Non-Refundable Tax Credits - N.B. 2024
See Table I2 – Main Non-Refundable Tax Credits - N.B. 2024 -
Table I3 – Marginal Rates - N.B. 2024
See Table I3 – Marginal Rates - N.B. 2024 -
Table I4 - Tax Brackets - New Brunswick
See Table I4 - Tax Brackets - New Brunswick