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 

• Additional tax for minimum tax purposes
• Tax on split income

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:

• Seniors' home renovation 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

• Income Tax Package – New Brunswick 
• Form T691, Alternative Minimum Tax
• Form T1206, Tax on Split Income
• Form T1258, New Brunswick Small Business Investor Tax Credit
• Form T2036, Provincial or Territorial Foreign Tax Credit
• Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions

Related topics

• All about your tax return
• New Brunswick child tax benefit
• New Brunswick harmonized sales tax credit (NBHSTC)

Provincial and territorial government partners

• Department of Finance and Treasury Board – New Brunswick