iCalculator™ CA: New Brunswick Tax Calculators
Welcome to iCalculator™ CA, your comprehensive suite of free tax calculators for New Brunswick. iCalculator™ has provided free tax calculators for New Brunswick since 2014. Since those early days we have extended our resources for New Brunswick to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The New Brunswick Tax Calculator and salary calculators within our New Brunswick tax section are based on the latest tax rates published by the Tax Administration in New Brunswick. In this dedicated Tax Portal for New Brunswick you can access:
New Brunswick Tax Calculator 2024/25
The New Brunswick Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in New Brunswick. This includes calculations for
- Employees in New Brunswick to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in New Brunswick.
Rate and Share, Show you Care 😊 Your feedback and support helps us keep this resource FREE for all to use, thank you.
Discover New Brunswick, Canada
New Brunswick, located in eastern Canada, is one of the country's three Maritime provinces. Nestled along the Atlantic coast, it shares borders with Quebec to the north and Nova Scotia to the east, connected via the narrow Chignecto Isthmus. To the west, it borders the U.S. state of Maine. New Brunswick's geographical setting, featuring a mix of coastal landscapes, forests, and rivers, deeply influences its culture and lifestyle. This province is also unique for being officially bilingual, with a significant portion of the population speaking both English and French, reflecting a rich cultural heritage and diversity.
The economy of New Brunswick is multifaceted, with natural resources playing a significant role. Forestry has long been a cornerstone of the provincial economy, with a significant portion of land covered by forests contributing to a thriving timber industry. Fishing and aquaculture are also vital, given the province's extensive coastline and rich marine resources. These industries not only support the local economy but also form a part of the province's cultural identity, with traditions and communities built around these practices.
Apart from natural resources, New Brunswick's economy benefits from manufacturing, particularly in the areas of food processing, wood products, and transportation equipment. The province's energy sector is also noteworthy, with investments in renewable energy sources and traditional energy production. Additionally, New Brunswick has a growing service sector, encompassing healthcare, education, and retail, contributing to the overall economic stability and providing employment opportunities.
Culturally, New Brunswick is known for its festivals, music, and art, which celebrate both its maritime traditions and its diverse heritage. The province's cultural scene reflects the influence of its indigenous communities, Acadian roots, and British Loyalist history, creating a unique and vibrant cultural mosaic. New Brunswick's blend of economic sectors and rich cultural heritage makes it an intriguing and dynamic province within Canada.
Overview of Taxation in New Brunswick, Canada
In New Brunswick, the tax system consists of both federal and provincial taxes, each playing a crucial role in the financial landscape. This section on iCalculator™ CA, however, will specifically concentrate on the provincial taxes of New Brunswick. Our focus is to elucidate the various types of provincial taxes, their application, and compliance requirements for residents and businesses in the province.
Provincial Income Tax
Provincial income tax is a significant component of New Brunswick's tax system. This tax is levied on the income of individuals, including wages, business earnings, and other sources of income. Understanding the details of provincial income tax is essential for residents to ensure they are compliant with local tax laws and file their taxes accurately.
Provincial Sales Tax (PST)
Besides the federal Goods and Services Tax (GST), New Brunswick applies its own Provincial Sales Tax (PST), known as the Harmonized Sales Tax (HST), which is a combination of GST and PST. This tax impacts a wide range of goods and services within the province. For businesses and consumers alike, understanding how HST works in New Brunswick is critical for financial planning and transactions.
Corporate Tax
Corporate tax is also an important aspect of New Brunswick’s provincial taxation. This tax is imposed on the profits earned by corporations operating within the province. It is crucial for businesses to be aware of and comply with corporate tax regulations to contribute responsibly to the province's economy and avoid penalties.
Other Provincial Taxes and Levies
In addition to these primary tax types, New Brunswick administers various other taxes and fees, such as property taxes, fuel taxes, and environmental levies. These taxes are designed to fund specific public services and initiatives, contributing to the province's infrastructure and social welfare.
Adherence to provincial tax laws is a key responsibility for individuals and businesses in New Brunswick. The province offers resources and support to help taxpayers understand their obligations and ensure they meet their tax responsibilities in a timely and accurate manner. For information on federal tax obligations, additional resources and tools are available on iCalculator™ CA: New Brunswick.