Budget 2026

New Brunswick Budget 2026

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Finance Minister René Legacy tabled New Brunswick’s 2026-27 budget (NB Budget 2026) on March 17, 2026. The budget doesn’t contain any changes to personal, corporate, or other tax measures.
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NB Budget 2026 increases the projected 2025-26 deficit to be $1.378 billion, compared to the $599 million deficit projected in the previous budget. This reflects restated revenue and expense due to government reorganization.

Fiscal projections for the next three years are as follows:

Year Projected surplus / (deficit)

2026-27

($1,394 million)

2027-28

($1,305 million)

2028-29

($1,267 million)

 

Business tax measures

Corporate tax rates

The budget makes no changes to the corporate tax rates or the $500,000 small business limit. 

2026 combined federal and provincial corporate tax rates

Small business tax rate General corporate tax rate

11.5%

29.0%

 

Personal tax measures

Personal income tax rates

There are no proposed changes to the personal tax rates or personal tax credits. The indexed combined federal and provincial personal tax brackets and marginal tax rates for 2026 are as follows:

Tax brackets Marginal tax rates

$52,332 or less

23.40%

$52,333 - $58,523

28.00%

$58,524 - $104,666

34.50%

$104,667 - $117,045

36.50%

$117,046 - $181,440

42.00%

$181,441 - $193,861

45.29%

$193,862 - $258,482

48.79%

$258,483 and over

52.50%

 

The top combined federal and provincial marginal tax rates for 2026 are as follows:

Type of income Tax rate

Salary/interest income

52.50%

Capital gains

26.25%

Eligible dividends

32.40%

Non-eligible dividends

46.83%

 

Sales and excise tax measures

There are no proposed changes to the current 15% HST rate, which is composed of a 5% federal component and a 10% provincial component.

 

Have questions? Let’s talk. Contact your local advisor or reach out to us here.

Visit our Budget 2026 hub to learn more about all federal and provincial budgets.   

 

Disclaimer 
The information contained herein is general in nature and is based on proposals that are subject to change. It is not, and should not be construed as, accounting, legal or tax advice or an opinion provided by Doane Grant Thornton LLP to the reader. This material may not be applicable to, or suitable for, specific circumstances or needs and may require consideration of other factors not described herein.