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The 2023 Tax Year in New Brunswick runs from January 2023 to December 2023 with individual tax returns due no later than the following April 30th 2024. The information deisplayed in the New Brunswick Tax Brackets for 2023 is used for the 2023 New Brunswick Tax Calculator
2023 Income Tax in New Brunswick is calculated separately for Federal tax commitments and New Brunswick Province Tax commitments depending on where the individual tax return is filed in 2023 (due to work / location). The 2023 New Brunswick Tax return is completed as one single calculation with the total tax calculations, tax credits and exemptions centralised to simplyfy New Brunswick tax calculations and 2023 tax returns in New Brunswick.
The following tax data, rates and thresholds are used in the 2023 New Brunswick Tax Calculator, if you spot and error or would like additional tax calculations integrated into the 2023 New Brunswick Tax Calculator then please contact us.
| $ 0.00 - $ 47,715.00 | 9.4% |
| $ 47,715.00 - $ 95,431.00 | 14% |
| $ 95,431.00 - $ 176,756.00 | 16% |
| $ 176,756.00 and over | 19.5% |
| $ 0.00 - $ 53,359.00 | 15% |
| $ 53,359.00 - $ 106,717.00 | 20.5% |
| $ 106,717.00 - $ 165,430.00 | 26% |
| $ 165,430.00 - $ 235,675.00 | 29.32% |
| $ 235,675.00 and over | 33% |
| New Brunswick Basic Personal Amount | $ 12,458.00 |
| Federal Basic Personal Amount | $ 15,000.00 |
| Age Amount Tax Credit (65+ years of age) | $ 8,396.00 |
| Age Amount Tax Credit reduced when income exceeds | $ 42,335.00 |
| Spouse or Common-Law Partner Amount | $ 15,000.00 |
| Spouse or Common-Law Partner Amount reduced when spousal/dependant income exceeds | $ 0.00 |
| Spouse or Common-Law Partner Amount eliminated when spousal/dependant income exceeds | $ 15,000.00 |
| Child amount for dependent children under 18 | $ 0.00 |
| Canada Employment Amount Tax Credit | $ 1,368.00 |
| Infirm Dependant Amount Tax Credit for Age 18 or Older | $ 0.00 |
| Caregiver Amount Tax Credit | $ 7,999.00 |
| Caregiver Amount Tax Credit reduced when dependant income exceeds | $ 0.00 |
| Disability Amount Tax Credit | $ 9,428.00 |
| Disability Amount supplement for taxpayers under 18 years of age | $ 5,500.00 |
| Disability Amount supplement for taxpayers under 18 years of age reduced when total child care and attendant care expenses claimed for this taxpayer by anyone exceed | $ 3,221.00 |
| MP, DB, RRSP, DPSP, and TFSA limits and the YMPE | |
|---|---|
| RRSP dollar limit | $ 31,560.00 |
| RRSP Excess Rate | % |
| Canada Pension Plan (CPP) Deductions | |
| Annual Maximum Pensionable Earnings | $ 66,600.00 |
| Annual Basic Exemption | $ 3,500.00 |
| Annual Maximum CPP Employee Contribution | $ 3,754.45 |
| CPP Contribution Rate | $ 5.95 |
| Employment Insurance (EI) Deductions | |
| Employee Contribution Rate | $ 1.63 |
| Annual Maximum Insurable Earnings | $ 61,500.00 |
| Annual Maximum Employee Contribution | $ 1,002.45 |
The 2022 tax year runs from 1st January 2022 through to the 31st December 2022 in New Brunswick with tax returns due for specific individuals / groups on the following dates:
The 2024 tax year runs from 1st January 2024 through to the 31st December 2024 in New Brunswick with tax returns due for specific individuals / groups on the following dates: