Table 1 – New Brunswick (2016)
Taxable income |
Total tax payable |
Effective rate |
Marginal rate |
||||
---|---|---|---|---|---|---|---|
$ | $ | % | % | ||||
20,000 | 2,270 | 11.35 | 24.68 | ||||
30,000 40,000 |
4,738 7,206 |
15.79 18.02 |
24.68 32.16 |
||||
50,000 60,000 |
10,422 13,954 |
20.84 23.26 |
35.32 35.32 |
||||
70,000 80,000 |
17,486 21,018 |
24.98 26.27 |
35.32 36.85 |
||||
90,000 100,000 |
24,703 28,924 |
27.45 28.92 |
42.21 42.52 |
||||
110,000 120,000 |
33,176 37,428 |
30.16 31.19 |
42.52 42.52 |
||||
130,000 140,000 150,000 160,000 |
41,680 46,042 50,715 55,645 |
32.06 32.89 33.81 34.78 |
43.62 46.72 49.30 49.30 |
||||
170,000 180,000 190,000 200,000 |
60,575 65,505 70,435 75,365 |
35.63 36.39 37.07 37.68 |
49,30 49,30 49,30 53.30 |
||||
250,000 300,000 350,000 400,000 |
102,014 128,664 155,314 181,964 |
40.81 42.89 44.38 45.49 |
53.30 53.30 53.30 53.30 |
||||
450,000 500,000 550,000 600,000 |
208,614 235,264 261,914 288,564 |
46.36 47.05 47.62 48.09 |
53.30 53.30 53.30 53.30 |
Marginal rate applies on each dollar of additional income within the range.
Total tax payable and marginal rates are combined federal and New Brunswick amounts/rates.
Federal
Basic personal credit of $1,721 applies.
New Brunswick
Basic personal credit of $945 applies.
Does not consider the low-income tax reduction which impacts on taxable income amounts up to $30,000 in the above table.