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Territories   ->   Nunavut
Tax Rates   ->   2014 and 2015 Marginal Tax Rates -> Nunavut

Nunavut 2014 and 2015 Personal Marginal Income Tax Rates

The Nunavut tax brackets and personal tax credits were increased for 2015 by an indexation factor of 1.017.  Nunavut uses the Federal indexation factor.  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.

Nunavut Personal Income Tax Brackets and Tax Rates

2015 Taxable Income 2015 Tax Rates 2014 Taxable Income 2014 Tax Rates
first $42,622 4.0% first $41,909 4.0%
over $42,622 up to $85,243 7.0% over $41,909 up to $83,818 7.0%
over $85,243 up to $138,586 9.0% over $83,818 up to $136,270 9.0%
over $138,586 11.5% over $136,270 11.5%

Combined Federal & Nunavut 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 $42,622 19.0% 9.50% -2.11% 5.82% first $41,909 19.0% 9.50% -2.11% 5.82%
over $42,622 up to $44,701 22.0% 11.00% 2.03% 9.36% over $41,909 up to $43,953 22.0% 11.00% 2.03% 9.36%
over $44,701 up to $85,243 29.0% 14.50% 11.69% 17.62% over $43,953 up to $83,818 29.0% 14.50% 11.69% 17.62%
over $85,243 up to $89,401 31.0% 15.50% 14.45% 19.98% over $83,818 up to $87,907 31.0% 15.50% 14.45% 19.98%
over $89,401 up to $138,586 35.0% 17.50% 19.97% 24.70% over $87,907 up to $136,270 35.0% 17.50% 19.97% 24.70%
over $138,586 40.5% 20.25% 27.56% 31.19% over $136,270 40.5% 20.25% 27.56% 31.19%

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 Nunavut dividend tax credits.

Nunavut Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$12,781 4% $12,567 4%

Federal Basic Personal Amount

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

Revised: October 26, 2023

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