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 |
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| 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 |
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| 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% | |||||
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2015 Marginal tax rates for
non-eligible dividends were revised as per the NS
2015 Budget. |
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Nova Scotia Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $8,481 | 8.79% | $8,481 | 8.79% | ||||||
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Federal Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $11,474 | 15% | $11,327 | 15% | ||||||
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Revised: October 26, 2023