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Nunavut 2015 and 2016 Personal Tax Rates

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Nunavut   ->   Tax Rates   ->   2015 & 2016 Tax Rates -> Nunavut 2015 & 2016 Income Tax Rates

Nunavut 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 Nunavut and Federal tax brackets and personal tax credits were increased for 2016 by an indexation factor of 1.013.  Nunavut uses the Federal indexation factor.  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 NU 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.

Nunavut Personal Income Tax Brackets and Tax Rates

2016 Taxable Income 2016 Tax Rates 2015 Taxable Income 2015 Tax Rates
first $43,176 4.0% first $42,622 4.0%
over $43,176 up to $86,351 7.0% over $42,622 up to $85,243 7.0%
over $86,351 up to $140,388 9.0% over $85,243 up to $138,586 9.0%
over $140,388 11.5% over $138,586 11.5%

Combined Federal & Nunavut 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 $43,176 19.0% 9.50% -2.11% 6.52% first $42,622 19.0% 9.50% -2.11% 5.82%
over $43,176 up to $45,282 22.0% 11.00% 2.03% 10.03% over $42,622 up to $44,701 22.0% 11.00% 2.03% 9.36%
over $45,282 up to $86,351 27.5% 13.75% 9.62% 16.46% over $44,701 up to $85,243 29.0% 14.50% 11.69% 17.62%
over $86,351 up to $90,563 29.5% 14.75% 12.38% 18.80% over $85,243 up to $89,401 31.0% 15.50% 14.45% 19.98%
over $90,563 up to $140,388 35.0% 17.50% 19.97% 25.24% over $89,401 up to $138,586 35.0% 17.50% 19.97% 24.70%
over $140,388 up to $200,000 40.5% 20.25% 27.56% 31.67% over $138,586 40.5% 20.25% 27.56% 31.19%
over $200,000 44.5% 22.25% 33.08% 36.35%  

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 17% for 2016, 18% for 2015.
For more information see Nunavut dividend tax credits.

Nunavut Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$12,947 4% $12,781 4%

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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