TaxTips.ca
Canadian Tax and
Financial Information

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!      Internet Explorer - Use compatibility view for calculators to work properly!



Atlantic Provinces -> Nova Scotia
Tax Rates - Current Marginal Tax Rates -> Nova Scotia

Nova Scotia 2016 and 2017 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 are increased for 2017 by an indexation factor of 1.014.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

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

Nova Scotia Personal Income Tax Brackets and Tax Rates

2017 Taxable Income 2017 Tax Rates 2016 Taxable Income 2016 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

2017 Taxable Income 2017 Marginal Tax Rates 2016 Taxable Income 2016 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% 11.62%
over $29,590 up to $45,916 29.95% 14.98% 8.39% 18.83% over $29,590 up to $45,282 29.95% 14.98% 8.39% 18.83%
over $45,916 up to $59,180 35.45% 17.73% 15.98% 25.27% over $45,282 up to $59,180 35.45% 17.73% 15.98% 25.27%
over $59,180 up to $91,831 37.17% 18.59% 18.35% 27.28% over $59,180 up to $90,563 37.17% 18.59% 18.35% 27.28%
over $91,831 up to $93,000 42.67% 21.34% 25.94% 33.71% over $90,563 up to $93,000 42.67% 21.34% 25.94% 33.71%
over $93,000 up to $142,353 43.50% 21.75% 27.09% 34.68% over $93,000 up to $140,388 43.50% 21.75% 27.09% 34.68%
over $142,353 up to $150,000 46.50% 23.25% 31.23% 38.19% over $140,388 up to $150,000 46.50% 23.25% 31.23% 38.19%
over $150,000 up to $202,800 50.00% 25.00% 36.06% 42.29% over $150,000 up to $200,000 50.00% 25.00% 36.06% 42.29%
over $202,800 54.00% 27.00% 41.58% 46.97% over $200,000 54.00% 27.00% 41.58% 46.97%

2016 Marginal tax rates for non-eligible dividends were revised as per the NS 2016 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 17%.
For more information see Nova Scotia dividend tax credits.

Nova Scotia Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$8,481 8.79% $8,481 8.79%

Federal Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$11,635 15% $11,474 15%

Copyright © 2002 - 2017 Boat Harbour Investments Ltd.

Revised: September 20, 2017

Copyright © 2002 - 2017 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.