RRSP Withdrawal Tax in New Brunswick (2026)
CRA withholds 10% / 20% / 30% at source for withdrawals up to $5,000 / $5,001–$15,000 / over $15,000 — federal only (no provincial withholding outside Quebec). Final tax at filing depends on your New Brunswick marginal rate (other income + brackets).
Withholding at Source (New Brunswick)
| Withdrawal amount | Federal (CRA) | Total withheld |
|---|---|---|
| Up to $5,000 | 10% | 10% |
| $5,001 – $15,000 | 20% | 20% |
| Over $15,000 | 30% | 30% |
Source: CRA S3-F10-C3 and Regulation 103. Withholding is a prepayment — your final tax at filing is your combined federal + New Brunswick marginal rate.
Tax on Every RRSP Withdrawal Amount (New Brunswick, 2026)
Assumes RRSP withdrawal is your only income — e.g. retiree with no employment or CPP/OAS yet. 2026 basic personal amount shelters the first ~$16,129 federally.
| Withdrawal | Withheld | Actual tax | Effective rate | Refund / (Owing) | Net in hand |
|---|---|---|---|---|---|
| $300 | $30 | $0 | 0.0% | $30.00 | $300 |
| $1,000 | $100 | $0 | 0.0% | $100.00 | $1,000 |
| $2,000 | $200 | $0 | 0.0% | $200.00 | $2,000 |
| $3,000 | $300 | $0 | 0.0% | $300.00 | $3,000 |
| $4,500 | $450 | $0 | 0.0% | $450.00 | $4,500 |
| $5,000 | $500 | $0 | 0.0% | $500.00 | $5,000 |
| $8,000 | $1,600 | $0 | 0.0% | $1,600.00 | $8,000 |
| $10,000 | $2,000 | $0 | 0.0% | $2,000.00 | $10,000 |
| $15,000 | $3,000 | $126 | 1.0% | $2,874.42 | $14,874 |
| $20,000 | $6,000 | $1,092 | 5.0% | $4,907.70 | $18,908 |
| $25,000 | $7,500 | $2,262 | 9.0% | $5,237.70 | $22,738 |
| $30,000 | $9,000 | $3,432 | 11.0% | $5,567.70 | $26,568 |
| $35,000 | $10,500 | $4,602 | 13.0% | $5,897.70 | $30,398 |
| $40,000 | $12,000 | $5,772 | 14.0% | $6,227.70 | $34,228 |
| $50,000 | $15,000 | $8,112 | 16.0% | $6,887.70 | $41,888 |
| $60,000 | $18,000 | $10,901 | 18.0% | $7,099.00 | $49,099 |
| $70,000 | $21,000 | $14,351 | 21.0% | $6,649.00 | $55,649 |
| $75,000 | $22,500 | $16,076 | 21.0% | $6,424.00 | $58,924 |
| $100,000 | $30,000 | $24,701 | 25.0% | $5,299.00 | $75,299 |
| $150,000 | $45,000 | $44,670 | 30.0% | $329.80 | $105,330 |
| $200,000 | $60,000 | $66,442 | 33.0% | ($6,441.86) | $133,558 |
| $300,000 | $90,000 | $116,603 | 39.0% | ($26,602.58) | $183,397 |
$20,000 Withdrawal on Top of Other Income (New Brunswick 2026)
What a $20,000 RRSP withdrawal actually costs in New Brunswick when stacked on your existing income. Effective rate rises as marginal rate climbs into higher brackets.
Other income: $0
$1,092
5.0% effective
Withheld $6,000 → refund $4,908
Other income: $30,000
$4,680
23.0% effective
Withheld $6,000 → refund $1,320
Other income: $60,000
$6,900
35.0% effective
Withheld $6,000 → owe $900
Other income: $100,000
$7,369
37.0% effective
Withheld $6,000 → owe $1,369
Run the numbers with your exact amount, other income, and year: Open RRSP Withdrawal Tax Calculator →
RRSP Withdrawal Tax in Other Provinces
Related Calculators
Frequently asked questions
How much withholding tax is deducted on an RRSP withdrawal in New Brunswick?
In New Brunswick, CRA withholds federal-only at source: 10% on withdrawals up to $5,000, 20% on $5,001–$15,000, and 30% above $15,000. No provincial withholding applies — your provincial tax is settled at filing.
What is the final tax rate on an RRSP withdrawal in New Brunswick?
The final tax equals your combined federal + New Brunswick marginal rate times the withdrawal. With no other income in 2026, a $20,000 withdrawal actually costs $1,092 (5.0% effective). At $60,000 other income it climbs to $6,900 (35.0%).
Is RRSP withdrawal taxable income in New Brunswick?
Yes — fully added to your taxable income for the year and taxed at your combined federal + New Brunswick marginal rate. The withholding is a deposit, not the final bill.
Does New Brunswick have its own RRSP withholding?
No. New Brunswick does not have a separate withholding — only CRA withholds federally (10% / 20% / 30%). Your New Brunswick provincial tax is calculated and settled when you file your T1 return. Quebec is the only province with a combined federal + provincial withholding.