The correct form to use in this context is the present continuous: "I am brushing my teeth now."
Here's a brief explanation of both tenses:
Present Simple (I brush): This tense is used for actions that are habitual or generally true. For example: "I brush my teeth every morning."
Present Continuous (I am brushing): This tense is used for actions that are happening at the moment of speaking. For example: "I am brushing my teeth now."
So in your sentence, since you are talking about the action currently happening, "I am brushing my teeth now" is the appropriate choice.