Tax brackets

New Brunswick 2020 tax brackets

Federal and provincial tables for employment income. Each bracket applies only to income inside its range.

Federal: 5 brackets, top rate 33.0% above $214,368.

New Brunswick: 5 brackets, top rate 20.3% above $160,776.

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Marginal vs. average

A marginal rate applies only to income within a bracket, not your total income.

2020 brackets

Combined marginal rate

Marginal rates apply to income inside each range.

Last verified: 2025-12-20

Bracket range	Rate
$0 to $43,401	24.68%
$43,401 to $48,535	29.82%
$48,535 to $86,803	35.32%
$86,803 to $97,069	37.02%
$97,069 to $141,122	42.52%
$141,122 to $150,473	43.84%
$150,473 to $160,776	46.84%
$160,776 to $214,368	49.3%
Over $214,368	53.3%

Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.

Notes: Federal tax brackets (CRA T4032 payroll tables). Thresholds are lower bounds; rates are decimals. BPA reflects the maximum 'enhanced' amount introduced in 2020 for incomes below the phase-out threshold ($150,473).

Sources

Full sources & verification

2020 brackets