Tax Brackets 2016

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 $49 824 .
$140 389  – $200 000 $29 029  + 29 % on next $59 612 .
$200 001  and over $46 317  + 33 % on excess
  • 15% rate used for AMT.
  • Indexation rate of 1.3% for 2016..
NEW-BRUNSWICK – 2016
$40 493  or less 9,68 %
$40 949 – $80 985 $3 920  + 14,82 % on next $40 493 .
$80 986  – $131 665 $9 921  + 16,52 % on next $50 679 .
$131 666  – $150 000 $18 293  + 17,84 % on next $18 335 .
$150 001  and over $41 564  + 20,30 % on excess
  •  AMT of 57% of federal AMT.
  • Indexation rate of 1.3% for 2016.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20161
Eligible Dividends2 Ordinary Dividends3
Federal 15,02 % 10,52 %4
New-Brunswick 13,50 %5 3,63 %6

1 Rates applicable to grossed-up dividends.
2 38% gross-up.
3 17% gross-up since January 1, 2016 (18% before that date).
4 Since January 1, 2016 (11.02% before that date).
5 Since January 1, 2016 (12% before that date). 14% starting January 1, 2017.
6 Since January 1, 2016 (4% before that date). 3.5% starting January 1, 2017.