takehome.tax

Canada · New Brunswick · 2025

New Brunswick income tax calculator

New Brunswick is pre-selected below; you can switch provinces anytime. Year-end CPP (incl. CPP2) on pensionable employment (including RSU value), EI on salary and cash bonus only, plus federal and New Brunswick provincial tax (BPA credits; simplified rules — not a full T1). RSU CPP is incremental vs salary + bonus; bonus and RSU tax use withholding proxies.

Where you're taxed · Scenario 1

Pick your country and province or territory. All Canadian jurisdictions use the same engine (simplified provincial rules); U.S. states are listed for later.

Jurisdiction

Inputs · Scenario 1

$
$
$
$
%

Annual (true year-end picture)

+$136,654

After CPP, CPP2, EI (insurable pay), and income tax

Employment income

+$215,000

Income tax (federal + NB)

($72,839)

CPP + CPP2

($4,430)

EI (salary + bonus)

($1,077)

Regular paycheque

+$3,884

Bonus cheque (est.)

+$14,500

RSU vesting value (est.)

+$19,000

Tax trace (New Brunswick)

+ increases tax payable, - reduces tax payable.

Provincial basic tax

($30,651)

Provincial surtax

$0

Provincial health premium

$0

Provincial non-refundable credits

+$1,676

NB428 / NS428 low-income tax reductions use statutory clawback bands (GNB + EY guides). Set adjusted family income in code (provincial filing options) to mirror lines 70–75 NB / NS428 worksheets when not single.

Federal

Federal schedule on pension-adjusted taxable income.

Taxable income for these bands: $213,926

How income fills each bracket

  • $0 – $57,375 · marginal 14.5%$57,375 · $8,319 at this margin

    This bracket is full — income extends into the next band.

  • $57,375 – $114,750 · marginal 20.5%$57,375 · $11,762 at this margin

    This bracket is full — income extends into the next band.

  • $114,750 – $177,882 · marginal 26%$63,132 · $16,414 at this margin

    This bracket is full — income extends into the next band.

  • $177,882 – $253,414 · marginal 29%$36,044 · $10,453 at this margin

    Part of this bracket is used; lower bands were filled first.

Provincial (New Brunswick)

Provincial schedule for New Brunswick on the same taxable income as federal.

Taxable income for these bands: $213,926

How income fills each bracket

  • $0 – $51,306 · marginal 9.4%$51,306 · $4,823 at this margin

    This bracket is full — income extends into the next band.

  • $51,306 – $102,614 · marginal 14%$51,308 · $7,183 at this margin

    This bracket is full — income extends into the next band.

  • $102,614 – $190,060 · marginal 16%$87,446 · $13,991 at this margin

    This bracket is full — income extends into the next band.

  • $190,060 and above · marginal 19.5%$23,866 · $4,654 at this margin

    Top bracket: all income above this threshold is taxed at this marginal rate.

Paycheque progression (salary only)

CPP stops after pay 15 · EI stops after pay 12.

+$3,866

Jan

CPP
($135)
EI
($95)
+$3,825

Jun

CPP
($271)
EI
($0)
+$4,096

Dec

CPP
($0)
EI
($0)

True tax vs withheld · filing season

True income tax (all T4 income)

$72,839

Est. Tax withheld

$75,012

Likely refund +$2,173

True tax is year-end liability including your payroll RRSP deduction (line 20800–style). Employer RRSP deposits are not added separately—common payroll nets the taxable benefit with an offsetting RRSP deduction on the same stub. Estimated withheld uses salary+bonus tax without that RRSP reduction—so payroll RRSP is a common refund driver when withholding lags the deduction—plus the CRA bonus step-up and RSU marginal proxy. The gap is the filing-season adjustment (refund if negative). Positive "owing" means estimated withholding is still below modelled year-end tax (possible balance due at filing).

Breakdown

Green + = inflow, red ( ) = deductions / tax to CRA, sky = employer RRSP estimate (informational).

  • Employment income (salary + bonus + RSU)+$215,000
  • CPP (employee)First component to YMPE($4,034)
  • CPP2 (employee)Between YMPE and YAMPE($396)
  • EI (employee)Insurable: salary + bonus only($1,077)
  • Federal income tax (after abatement & credits)($43,864)
  • Provincial income tax (after credits)Includes NB428 low-income tax reduction if applicable($28,975)
  • Provincial health premiumOntario Health Premium only; other provinces $0 here($0)
  • Total income tax($72,839)
  • Net (annual, all in)+$136,654

Estimates only, not tax advice. Brackets and credits are simplified; verify against CRA payroll tables, your TD1, and your T4 before filing.