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Atlantic Provinces 2011 and 2012 Personal Tax Rates

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Atlantic Provinces
Tax Rates - 2012 and 2011 Tax Rates -> New Brunswick, Newfoundland & Labrador, Nova Scotia and Prince Edward Island Personal Income Tax Rates

Atlantic Provinces 2012 and 2011 Personal Marginal Income Tax Rates

Please read the article Understanding the Tables of Personal Income Tax Rates.

New Brunswick 2012 and 2011 Marginal Tax Rates

New Brunswick (NB)
Personal Income Tax Brackets and Rates
2012 Taxable Income   2012 Tax Rates 2011 Taxable Income   2011 Tax Rates
first $38,190 9.10% first $37,150 9.10%
over $38,190 up to $76,380 12.10% over $37,150 up to $74,300 12.10%
over $76,380 up to $124,178 12.40% over $74,300 up to $120,796 12.40%
over $124,178 14.30% over $120,796 14.30%
New Brunswick (NB)
Combined Federal & Provincial Tax Rates
2012 Taxable Income   2012 Marginal Tax Rates 2011 Taxable Income   2011 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $38,190 24.10% 12.05% -4.03% 6.83% first $37,150 24.10% 12.05% -6.11% 6.83%
over $38,190 up to $42,707 27.10% 13.55% 0.11% 10.58% over $37,150 up to $41,544 27.10% 13.55% -1.88% 10.58%
over $42,707 up to $76,380 34.10% 17.05% 9.77% 19.33% over $41,544 up to $74,300 34.10% 17.05% 7.99% 19.33%
over $76,380 up to $85,414 34.40% 17.20% 10.18% 19.71% over $74,300 up to $83,088 34.40% 17.20% 8.41% 19.71%
over $85,414 up to $124,178 38.40% 19.20% 15.70% 24.71% over $83,088 up to $120,796 38.40% 19.20% 14.05% 24.71%
over $124,178 up to $132,406 40.30% 20.15% 18.33% 27.08% over $120,796 up to $128,800 40.30% 20.15% 16.73% 27.08%
over $132,406 43.30% 21.65% 22.47% 30.83% over $128,800 43.30% 21.65% 20.96% 30.83%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).

NB Basic Personal Amount
2012 Tax Rate 2011 Tax Rate
$9,203 9.10% $8,953 9.10%
Federal Basic Personal Amount
2012 Tax Rate 2011 Tax Rate
$10,822 15.00% $10,527 15.00%

The NB and Federal tax brackets and personal amounts were increased for 2012 by an indexation factor of 1.028.

The New Brunswick 2011 budget announced that the 14.3% rate on the highest tax bracket would be retained for 2011 and 2012.

 

Newfoundland & Labrador 2012 and 2011 Marginal Tax Rates

Newfoundland & Labrador (NL)
Personal Income Tax Brackets and Rates
2012 Taxable Income   2012 Tax Rates 2011 Taxable Income   2011 Tax Rates
first $32,893 7.70% first $31,904 7.70%
over $32,893 up to $65,785 12.50% over $31,904 up to $63,807 12.50%
over $65,785 13.30% over $63,807 13.30%
Newfoundland & Labrador (NL)
Combined Federal & Provincial Tax Rates
2012 Taxable Income   2012 Marginal Tax Rates 2011 Taxable Income   2011 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $32,893 22.70% 11.35% -4.58% 5.46% first $31,904 22.70% 11.35% -6.68% 5.46%
over $32,893 up to $42,707 27.50% 13.75% 2.04% 11.46% over $31,904 up to $41,544 27.50% 13.75% 0.09% 11.46%
over $42,707 up to $65,785 34.50% 17.25% 11.70% 20.21% over $41,544 up to $63,807 34.50% 17.25% 9.96% 20.21%
over $65,785 up to $85,414 35.30% 17.65% 12.81% 21.21% over $63,807 up to $83,088 35.30% 17.65% 11.09% 21.21%
over $85,414 up to $132,406 39.30% 19.65% 18.33% 26.21% over $83,088 up to $128,800 39.30% 19.65% 16.73% 26.21%
over $132,406 42.30% 21.15% 22.47% 29.96% over $128,800 42.30% 21.15% 20.96% 29.96%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).

NL Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$8,237 7.70% $7,989 7.70%
Federal Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$10,822 15.00% $10,527 15.00%

The NL tax brackets and personal amount were increased for 2012 by an indexation factor of 1.031.  The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.

 

Nova Scotia 2012 and 2011 Marginal Tax Rates

Nova Scotia (NS)
Personal Income Tax Brackets and Rates
2012 Taxable Income   2012 Tax Rates 2011 Taxable Income   2011 Tax Rates
first $29,590 8.79% first $29,590 8.79%
over $29,590 up to $59,180 14.95% over $29,590 up to $59,180 14.95%
over $59,180 up to $93,000 16.67% over $59,180 up to $93,000 16.67%
over $93,000 up to $150,000 17.50% over $93,000 up to $150,000 17.50%
over $150,000 21.00% over $150,000 21.00%
Nova Scotia (NS)
Combined Federal & Provincial Tax Rates
2012 Taxable Income   2012 Marginal Tax Rates 2011 Taxable Income   2011 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $29,590 23.79% 11.90% -0.11% 3.45% first $29,590 23.79% 11.90% -2.11% 3.45%
over $29,590 up to $42,707 29.95% 14.98% 8.39% 11.15% over $29,590 up to $41,544 29.95% 14.98% 6.58% 11.15%
over $42,707 up to $59,180 36.95% 18.48% 18.05% 19.90% over $41,544 up to $59,180 36.95% 18.48% 16.45% 19.90%
over $59,180 up to $85,414 38.67% 19.34% 20.42% 22.05% over $59,180 up to $83,088 38.67% 19.34% 18.87% 22.05%
over $85,414 up to $93,000 42.67% 21.34% 25.94% 27.05% over $83,088 up to $93,000 42.67% 21.34% 24.51% 27.05%
over $93,000 up to $132,406 43.50% 21.75% 27.09% 28.08% over $93,000 up to $128,800 43.50% 21.75% 25.68% 28.08%
over $132,406 up to $150,000 46.50% 23.25% 31.23% 31.83% over $128,800 up to $150,000 46.50% 23.25% 29.91% 31.83%
over $150,000 50.00% 25.00% 36.06% 36.21% over $150,000 50.00% 25.00% 34.85% 36.21%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).

NS Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$8,481 8.79% $8,481 8.79%
Federal Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$10,822 15.00% $10,527 15.00%
 

The NS tax brackets are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.

 

Prince Edward Island 2012 and 2011 Marginal Tax Rates

Prince Edward Island (PE)
Personal Income Tax Brackets and Rates Before Surtax
2012 Taxable Income   2012 Tax Rates 2011 Taxable Income   2011 Tax Rates
first $31,984 9.80% first $31,984 9.80%
over $31,984 up to $63,969 13.80% over $31,984 up to $63,969 13.80%
over $63,969 16.70% over $63,969 16.70%
Prince Edward Island (PE)
Combined Federal & Provincial Tax Rates Including Surtax
2012 Taxable Income   2012 Marginal Tax Rates 2011 Taxable Income   2011 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends(1)
Non-Eligible
Dividends
first $31,984 24.80% 12.40% -0.99% 13.08% first $31,984 24.80% 12.40% -3.01% 13.08%
over $31,984 up to $42,707 28.80% 14.40% 4.53% 18.08% over $31,984 up to $41,544 28.80% 14.40% 2.63% 18.08%
over $42,707 up to $63,969 35.80% 17.90% 14.19% 26.83% over $41,544 up to $63,969 35.80% 17.90% 12.50% 26.83%
over $63,969 up to $85,414 38.70% 19.35% 18.19% 30.46% over $63,969 up to $83,088 38.70% 19.35% 16.59% 30.46%
over $85,414 up to $98,145 42.70% 21.35% 23.71% 35.46% over $83,088 up to $98,145 42.70% 21.35% 22.23% 35.46%
over $98,145 up to $132,406 44.37% 22.19% 24.56% 37.42% over $98,145 up to $128,800 44.37% 22.19% 23.10% 37.42%
over $132,406 47.37% 23.69% 28.70% 41.17% over $128,800 47.37% 23.69% 27.33% 41.17%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).

PE Surtax
2012  2011
PE surtax rate (included in all above rates) 10% PE surtax rate (included in all above rates) 10%
Surtax is on PE tax greater than $ 12,500 Surtax is on PE tax greater than $ 12,500
Person with only basic personal amount - surtax starts at taxable income of $ 98,145 Person with only basic personal amount - surtax starts at taxable income of $ 98,145
PE Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$7,708 9.80% $7,708 9.80%
Federal Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$10,822 15.00% $10,527 15.00%

The PE tax brackets and personal amount are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.
(1)  PEI dividend tax credit rate for 2011 for eligible dividends revised by Bill 26, Income Tax (Dividend Tax Credits) Amendment Act in December 2010.

 

 

Revised: September 20, 2017

 

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