TaxTips.ca
Canadian Tax and
Financial Information
Nunavut Personal Tax Rates

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!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Territories   ->   Nunavut
Tax Rates   ->   Current Marginal Tax Rates -> Nunavut

Nunavut 2017 and 2018 Personal Marginal Income Tax Rates

The Federal and Nunavut tax brackets and personal amount are increased for 2018 by an indexation factor of 1.015.  Nunavut uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.  Note that while the highest tax bracket for Nunavut starts at taxable income of $144,488, the equivalent federal bracket starts at $144,489.  For simplicity sake, we've used only the $144,489 in the combined tax rate table, rather than create a separate row for $144,488 up to $144,489.

The 2018 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 2018, as announced in the October 24, 2017 Fall Economic Statement.

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

Nunavut Personal Income Tax Brackets and Tax Rates

2018 Taxable Income 2018 Tax Rates 2017 Taxable Income 2017 Tax Rates
first $44,437 4.0% first $43,780 4.0%
over $44,437 up to $88,874 7.0% over $43,780 up to $87,560 7.0%
over $88,874 up to $144,488 9.0% over $87,560 up to $142,353 9.0%
over $144,488 11.5% over $142,353 11.5%

Combined Federal & Nunavut Tax Brackets and Tax Rates

2018 Taxable Income 20178 Marginal Tax Rates 2017 Taxable Income 2017 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $44,437 19.0% 9.50% -2.11% 7.20% first $43,780 19.0% 9.50% -2.11% 6.52%
over $44,437 up to $46,605 22.0% 11.00% 2.03% 10.68% over $43,780 up to $45,916 22.0% 11.00% 2.03% 10.03%
over $46,605 up to $88,874 27.5% 13.75% 9.62% 17.06% over $45,916 up to $87,560 27.5% 13.75% 9.62% 16.46%
over $88,874 up to $93,208 29.5% 14.75% 12.38% 19.38% over $87,560 up to $91,831 29.5% 14.75% 12.38% 18.80%
over $93,208 up to $144,489 35.0% 17.50% 19.97% 25.76% over $91,831 up to $142,353 35.0% 17.50% 19.97% 25.24%
over $144,489 up to $205,842 40.5% 20.25% 27.56% 32.14% over $142,353 up to $202,800 40.5% 20.25% 27.56% 31.67%
over $205,842 44.5% 22.25% 33.08% 36.78% over $202,800 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% in 2017, and 16% in 2018.
For more information see Nunavut dividend tax credits.

Nunavut Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$13,325 4% $13,128 4%

Federal Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$11,809 15% $11,635 15%

Copyright © 2002 - 2017 Boat Harbour Investments Ltd.

Revised: November 22, 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.