Atlantic Provinces -> Nova Scotia
Tax Rates -> 2014 and 2015 Marginal Tax Rates -> Nova Scotia
Nova Scotia 2014 and 2015 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 were increased for 2015 by an indexation factor of 1.017. 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.
Nova Scotia Personal Income Tax Brackets and Tax Rates |
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| 2015 Taxable Income | 2015 Tax Rates | 2014 Taxable Income | 2014 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 |
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| 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 $29,590 | 23.79% | 11.90% | -0.11% | 10.94% | first $29,590 | 23.79% | 11.90% | -0.11% | 8.14% |
| over $29,590 up to $44,701 | 29.95% | 14.98% | 8.39% | 18.21% | over $29,590 up to $43,953 | 29.95% | 14.98% | 8.39% | 15.41% |
| over $44,701 up to $59,180 | 36.95% | 18.48% | 18.05% | 26.47% | over $43,953 up to $59,180 | 36.95% | 18.48% | 18.05% | 23.67% |
| over $59,180 up to $89,401 | 38.67% | 19.34% | 20.42% | 28.50% | over $59,180 up to $87,907 | 38.67% | 19.34% | 20.42% | 25.70% |
| over $89,401 up to $93,000 | 42.67% | 21.34% | 25.94% | 33.22% | over $87,907 up to $93,000 | 42.67% | 21.34% | 25.94% | 30.42% |
| over $93,000 up to $138,586 | 43.50% | 21.75% | 27.09% | 34.20% | over $93,000 up to $136,270 | 43.50% | 21.75% | 27.09% | 31.40% |
| over $138,586 up to $150,000 | 46.50% | 23.25% | 31.23% | 37.74% | over $136,270 up to $150,000 | 46.50% | 23.25% | 31.23% | 34.94% |
| over $150,000 | 50.00% | 25.00% | 36.06% | 41.87% | over $150,000 | 50.00% | 25.00% | 36.06% | 39.07% |
|
2015 Marginal tax rates for
non-eligible dividends have been revised as per the NS
2015 Budget. |
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Nova Scotia Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $8,481 | 8.79% | $8,481 | 8.79% | ||||||
|
Federal Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $11,327 | 15% | $11,138 | 15% | ||||||
Revised: October 26, 2023