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Nova Scotia 2015 and 2014 Personal Tax Rates

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Atlantic Provinces -> Nova Scotia
Tax Rates -> 2014 and 2015 Marginal Tax Rates -> Nova Scotia

Nova Scotia 2014 and 2015 Personal Marginal Income Tax Rates

The Nova Scotia tax brackets and personal tax credits are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2015 by an indexation factor of 1.017.  The indexation factor, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.

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

Nova Scotia Personal Income Tax Brackets and Tax Rates

2015 Taxable Income 2015 Tax Rates 2014 Taxable Income 2014 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%

Combined Federal & Nova Scotia Tax Brackets and Tax Rates

2015 Taxable Income 2015 Marginal Tax Rates 2014 Taxable Income 2014 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $29,590 23.79% 11.90% -0.11% 10.94% first $29,590 23.79% 11.90% -0.11% 8.14%
over $29,590 up to $44,701 29.95% 14.98% 8.39% 18.21% over $29,590 up to $43,953 29.95% 14.98% 8.39% 15.41%
over $44,701 up to $59,180 36.95% 18.48% 18.05% 26.47% over $43,953 up to $59,180 36.95% 18.48% 18.05% 23.67%
over $59,180 up to $89,401 38.67% 19.34% 20.42% 28.50% over $59,180 up to $87,907 38.67% 19.34% 20.42% 25.70%
over $89,401 up to $93,000 42.67% 21.34% 25.94% 33.22% over $87,907 up to $93,000 42.67% 21.34% 25.94% 30.42%
over $93,000 up to $138,586 43.50% 21.75% 27.09% 34.20% over $93,000 up to $136,270 43.50% 21.75% 27.09% 31.40%
over $138,586 up to $150,000 46.50% 23.25% 31.23% 37.74% over $136,270 up to $150,000 46.50% 23.25% 31.23% 34.94%
over $150,000 50.00% 25.00% 36.06% 41.87% over $150,000 50.00% 25.00% 36.06% 39.07%

2015 Marginal tax rates for non-eligible dividends have been revised as per the NS 2015 Budget.
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).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 18%.
For more information see Nova Scotia dividend tax credits.

Nova Scotia Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$8,481 8.79% $8,481 8.79%

Federal Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 15% $11,138 15%

 

Revised: September 20, 2017

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