New Brunswick Tax Rates

New Brunswick

2025 Tax Rates

Personal Income Tax — Combined Federal + Provincial

Top marginal rates — 2025

Other income 52.5%Capital gains 26.25%Elig. dividends 32.4%Non-elig. dividends 46.83%

Income Range	Other Income	Capital Gains	Eligible Dividends	Non-Elig. Dividends
Up to $51,306	23.9%	11.95%	-7.07%	13.94%
$51,306 – $57,375	28.5%	14.25%	-0.72%	19.23%
$57,375 – $102,614	34.5%	17.25%	7.56%	26.13%
$102,614 – $114,750	36.5%	18.25%	10.32%	28.43%
$114,750 – $177,882	42%	21%	17.91%	34.75%
$177,882 – $190,060	45.31%	22.66%	22.48%	38.56%
$190,060 – $253,414	48.81%	24.41%	27.31%	42.59%
Over $253,414	52.5%	26.25%	32.4%	46.83%

Corporate Income Tax

General Rate29%Combined fed + prov

Small Business Rate11.5%CCPC active business income

Business Limit$500,000SB rate applies up to this limit

Integrated Rates — Corporate + Personal

Integration analysis shows the total tax cost when income flows through a corporation and is then distributed to a top-bracket individual shareholder, compared with earning the same income directly as salary.

Route	Corp Rate	Top Personal Rate	Combined Integrated Rate	vs. Salary
Salary / DirectBaseline	—	52.5%	52.5%	—
Corp (General) → Eligible DividendPublic company or CCPC above limit	29%	32.4%	52%	−0.5%
Corp (CCPC/SB) → Non-Eligible DividendCCPC within small-business limit	11.5%	46.83%	52.94%	+0.44%

All rates are % of actual amount received: dividend rates apply to the actual dividend (not the grossed-up taxable amount) and capital gains rates apply to the total gain (not the 50% taxable inclusion). A negative eligible dividend rate means the dividend tax credit exceeds the gross-up, resulting in a net tax refund on that income. Corporate rates shown are combined federal and New Brunswick provincial rates and may differ from federal-only figures. The integration analysis compares routes for a top-bracket individual shareholder and is an approximation only; actual results depend on individual circumstances.