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 |
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| 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 |
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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 $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% | |||||
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
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Nunavut Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $12,947 | 4% | $12,781 | 4% | ||||||
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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