2025 New Bunswick budget tax highlights

On March 18, the New Brunswick government released its 2025 budget. The following are highlights of the key tax measures.

Personal tax measures

No personal income tax rate changes were announced in this year’s budget. The current personal combined income tax rates for 2025 are outlined below:

Corporate tax measures

No corporate income tax rate changes were announced in this year’s budget. The current corporate income tax rates for 2025 are outlined below.

Other tax measures

Tariff response package

The budget includes the establishment of a tariff response package to support affected businesses and workers. There is an initial $112 million committed with contingency for $50 million in additional funds.

Next steps

Contact your Baker Tilly advisor to learn more about how we can help you navigate the complexities of the Canadian tax system.