New Brunswick
New for New Brunswick for 2020
Form NB428, New Brunswick Tax and Credits, is used to calculate your New Brunswick tax.
Form NB(S12), New Brunswick Seniors' Home Renovation Tax Credit, is used to calculate your New Brunswick seniors' home renovation tax credit.
New Brunswick tax and credits (NB428)
Tax rates for 2020
- 9.68% on the portion of your taxable income that is $43,401 or less, plus
- 14.82% on the portion of your taxable income that is more than $43,401 but not more than $86,803, plus
- 16.52% on the portion of your taxable income that is more than $86,803but not more than $141,122, plus
- 17.84% on the portion of your taxable income that is more than $141,122 but not more than $160,776, plus
- 20.3% on the portion of your taxable income that is more than $160,776.
Non-refundable tax
The following taxes are included in the calculation of your New Brunswick tax:
Non-refundable tax credits and reductions
New Brunswick offers the following non-refundable tax credits and reductions to reduce your amount of provincial tax payable:
- Age amount
- Allowable amount of medical expenses for other dependants
- Amount for an eligible dependant
- Amount for infirm dependants age 18 or older
- Amounts transferred from your spouse or common-law partner
- Basic personal amount
- CPP or QPP contributions on self-employment and other earnings
- CPP or QPP contributions through employment income
- Caregiver amount
- Disability amount for self
- Disability amount transferred from a dependant
- Dividend tax credit
- Donations and gifts
- Employment insurance premiums on self-employment and other eligible earnings
- Employment insurance premiums through employment
- Interest paid on your student loans
- Labour-sponsored venture capital fund tax credit
- Low-income tax reduction
- Medical expenses for self, spouse or common-law partner, and your dependent children born in 2003 or later
- Minimum tax carry over
- Pension income amount
- Political contribution tax credit
- Provincial foreign tax credit
- Small business investor tax credit
- Spouse or common-law partner amount
- Tuition amount transferred from a child
- Your tuition and education amounts
Refundable tax credit
New Brunswick offers the following refundable tax credit:
For more information
If you have questions about your income tax return, go to Taxes or call 1-800-959-8281.
To get forms, go to Forms and publications.
Forms and publications
Related topics
Provincial and territorial government partners
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