๐Ÿ New Brunswick ยท Income Tax

New Brunswick Income Tax Calculator 2024

Calculate your exact take-home pay after federal and New Brunswick provincial tax, CPP contributions, and EI premiums for the 2024 tax year.

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Annual income in New Brunswick
$
$0$500k
Take-home (annual)
$60,990
Monthly take-home
$5,082
Effective tax rate
28.2%
Marginal rate
34.5%
Gross income$85,000
Federal income taxโ€“$11,133
New Brunswick provincial taxโ€“$7,961
CPP contributionsโ€“$3,868
EI premiumsโ€“$1,049
Take-home pay$60,990
Monthly
$5,082
Bi-weekly
$2,346
Weekly
$1,173
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New Brunswick Tax Facts

Note: New Brunswick has 4 provincial tax brackets with a top rate of 19.5%.

New Brunswick Income Tax FAQ

What is the New Brunswick provincial tax rate for 2024?

New Brunswick's provincial tax starts at 9.4% on income above the basic personal amount of $12,458. The top rate is 19.50%. These rates are applied on top of federal income tax.

How much income tax will I pay in New Brunswick?

Your total tax in New Brunswick combines federal tax (15%โ€“33%) and New Brunswick provincial tax (9.4%โ€“19.5%), plus CPP (5.95%) and EI (1.66%) contributions. Use the calculator above for your exact take-home pay.

What is the basic personal amount in New Brunswick for 2024?

The New Brunswick basic personal amount for 2024 is $12,458. This means the first $12,458 of income is effectively tax-free at the provincial level. The federal basic personal amount is $15,705.

How do I calculate my take-home pay in New Brunswick?

To calculate take-home pay in New Brunswick: start with your gross income, subtract federal income tax, subtract New Brunswick provincial tax, subtract CPP contributions (5.95% up to $68,500), and subtract EI premiums (1.66% up to $63,200). The calculator above does all of this automatically.

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