Table 4 – Tax brackets

Federal – 2016
$45,282 or less 15%
$45,283 – $90,563 $6,792 + 20.5% on next $45,281
$90,564– $140,388 $16,075 + 26% on next $49,825
$140,389 – $200,000 $29,029 + 29%n next $59,612
$200,001 and over $46,317 + 33% on excess
  • 15% rate used for AMT and credits, except for charitable donations over $200.
New Brunswick – 2016
$40,492 or less 9.68%
$40,493- $80,985 $3,920 + 14.82% on next $40,493
$80,986 – $131,664 $9,921 + 16.52% on next $50,679
$131,665 – $150,000 $18,293 + 17.84% on next $18,336
$150,001 and over $21,564 + 20.30% on excess
  • 9.68% rate used for credits, except for charitable donations over $200.
Tax credit for dividends from Canadian corporations – 2016
Eligible
dividends1
Ordinary
dividends2
Federal 15.02% 10.52%
New Brunswick 13.50% 3.625%

1 Gross-up is 38%.
2 Gross-up is 18%.