Calculate your tax savings in New Brunswick and see how the FHSA brings you closer to your first property.
New Brunswick is attracting more and more first-time buyers. The FHSA allows you to secure your down payment while enjoying major tax breaks.
Your contribution acts as a shield on your earnings, decreasing the taxable portion subject to New Brunswick and federal tax brackets.
For the 2026 tax year, the tax structure in New Brunswick starts with a provincial rate of 9.4% initial bracket. This means every dollar contributed to your FHSA within this bracket provides a direct tax savings equivalent to this rate combined with the federal rate.
As your income grows, you move through different tax brackets. In New Brunswick, the top marginal rate can go climbing to 20.3%. The higher your salary, the more substantial the refund generated by your FHSA contribution will be.
It's crucial to understand that the impact of a contribution depends entirely on your highest marginal tax bracket. By using our New Brunswick-specific calculator, you can visualize the exact interaction between federal rates and provincial tax rules to maximize your down payment.
| Income bracket | Rate | K |
|---|---|---|
| 58 523 $ or less | 14 % | 0 |
| 58 523.01 $ to 117 045 $ | 20.50 % | 3 804 |
| 117 045.01 $ to 181 440 $ | 26 % | 10 241 |
| 181 440.01 $ to 258 482 $ | 29 % | 15 685 |
| 258 482.01 $ or more | 33 % | 26 024 |
| Income bracket | Rate | K |
|---|---|---|
| 54 345 $ or less | 14 % | 0 |
| 54 345.01 $ to 108 680 $ | 19 % | 2717 |
| 108 680.01 $ to 132 245 $ | 24 % | 8 151 |
| 132 245.01 $ or more | 25.75 % | 10 465 |