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Nova Scotia 2015 and 2016 Personal Tax Rates

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Nova Scotia   ->   Tax Rates   ->   2015 & 2016 Tax Rates -> Nova Scotia 2015 & 2016 Tax Rates

Nova Scotia 2015 and 2016 Personal Marginal Income Tax Rates

The Federal tax rates for 2016 are as per Bill C-2 tabled in December 2015.  The Nova Scotia tax brackets and personal tax credits are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2016 by an indexation factor of 1.013.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The 2016 marginal tax rate for non-eligible dividends reflects the rate that is in effect automatically due to the change in the gross-up rate for 2016.  The NS government would have to make legislative amendments in order for this to change.

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

Nova Scotia Personal Income Tax Brackets and Tax Rates

2016 Taxable Income 2016 Tax Rates 2015 Taxable Income 2015 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

2016 Taxable Income 2016 Marginal Tax Rates 2015 Taxable Income 2015 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% 11.62% first $29,590 23.79% 11.90% -0.11% 10.94%
over $29,590 up to $45,282 29.95% 14.98% 8.39% 18.83% over $29,590 up to $44,701 29.95% 14.98% 8.39% 18.21%
over $45,282 up to $59,180 35.45% 17.73% 15.98% 25.27% over $44,701 up to $59,180 36.95% 18.48% 18.05% 26.47%
over $59,180 up to $90,563 37.17% 18.59% 18.35% 27.28% over $59,180 up to $89,401 38.67% 19.34% 20.42% 28.50%
over $90,563 up to $93,000 42.67% 21.34% 25.94% 33.71% over $89,401 up to $93,000 42.67% 21.34% 25.94% 33.22%
over $93,000 up to $140,388 43.50% 21.75% 27.09% 34.68% over $93,000 up to $138,586 43.50% 21.75% 27.09% 34.20%
over $140,388 up to $150,000 46.50% 23.25% 31.23% 38.19% over $138,586 up to $150,000 46.50% 23.25% 31.23% 37.74%
over $150,000 up to $200,000 50.00% 25.00% 36.06% 42.29% over $150,000 50.00% 25.00% 36.06% 41.87%
over $200,000 54.00% 27.00% 41.58% 46.97%  

2015 Marginal tax rates for non-eligible dividends were revised as per the NS 2015 Budget.
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Note:  Non-eligible dividend rates revised Aug 12/16 to correct slight error - rates increased by 0.19% to 0.2%.
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 17% in 2016, 18% in 2015.
For more information see Nova Scotia dividend tax credits.

Nova Scotia Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$8,481 8.79% $8,481 8.79%

Federal Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$11,474 15% $11,327 15%

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Revised: October 03, 2017

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