Atlantic Provinces -> Nova Scotia
Tax Rates -> 2020 and 2021 Tax Rates -> Nova Scotia
Nova Scotia 2021 and 2020 Personal Marginal Income Tax Rates
The Nova Scotia tax brackets and personal tax credit amounts are not increased for inflation.
The Federal tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.010.
The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
If Nova Scotia had not discontinued indexing, their tax brackets and personal amounts would have been increased for 2021 by an indexation factor of 1.007.
Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.
| Nova Scotia Personal Income Tax Brackets and Tax Rates | |||||||||
| 2021 Taxable Income | 2021 Tax Rates | 2020 Taxable Income | 2020 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 | |||||||||
| 2021 Taxable Income | 2021 Marginal Tax Rates | 2020 Taxable Income | 2020 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $25,000 | 23.79% | 11.90% | -0.11% | 13.54% | first $25,000 | 23.79% | 11.90% | -0.11% | 13.54% |
| over $25,000 up to $29,590(2) | 24.32% | 12.16% | 0.62% | 14.14% | over $25,000 up to $29,590(2) | 24.32% | 12.16% | 0.62% | 14.14% |
| over $29,590 up to $49,020(2) | 30.48% | 15.24% | 9.12% | 21.23% | over $29,590 up to $48,535(2) | 30.48% | 15.24% | 9.12% | 21.23% |
| over $49,020 up to $59,180(2) | 35.98% | 17.99% | 16.71% | 27.55% | over $48,535 up to $59,180(2) | 35.98% | 17.99% | 16.71% | 27.55% |
| over $59,180 up to $74,999(2) | 37.70% | 18.85% | 19.09% | 29.53% | over $59,180 up to $74,999(2) | 37.70% | 18.85% | 19.09% | 29.53% |
| over $74,999 up to $93,000 | 37.17% | 18.59% | 18.35% | 28.92% | over $74,999 up to $93,000 | 37.17% | 18.59% | 18.35% | 28.92% |
| over $93,000 up to $98,040 | 38.00% | 19.00% | 19.50% | 29.88% | over $93,000 up to $97,069 | 38.00% | 19.00% | 19.50% | 29.88% |
| over $98,040 up to $150,000 | 43.50% | 21.75% | 27.09% | 36.20% | over $97,069 up to $150,000 | 43.50% | 21.75% | 27.09% | 36.20% |
| over $150,000 up to $151,978 | 47.00% | 23.50% | 31.92% | 40.23% | over $150,000 up to $150,473 | 47.00% | 23.50% | 31.92% | 40.23% |
| over $151,978 up to $216,511(1) | 50.32% | 25.16% | 36.50% | 44.05% | over $150,473 up to $214,368(1) | 50.22% | 25.11% | 36.36% | 43.93% |
| over $216,511 | 54.00% | 27.00% | 41.58% | 48.28% | over $214,368 | 54.00% | 27.00% | 41.58% | 48.28% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable 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 15%. For more information see Nova Scotia dividend tax credits. |
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| Nova Scotia Basic Personal Amount | |||||||||
| 2021 Personal Amount (2) | 2021 Tax Rate | 2020 Personal Amount (2) | 2020 Tax Rate | ||||||
| $8,481 | 8.79% | $8,481 | 8.79% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2021 Personal Amount (1) | 2021 Tax Rate | 2020 Personal Amount (1) | 2020 Tax Rate | ||||||
| $13,808 | 15% | $13,229 | 15% | ||||||
(1) See the federal tax rates page for information on the federal personal amount increase.
The marginal tax rates above have been adjusted to reflect these changes.
(2) An additional $3,000 personal amount for 2018 and subsequent years, which is reduced at the rate of 6% of taxable income in excess of $25,000, is reflected in the marginal tax rates above. It is reduced to zero at taxable income of $75,000. This increases the marginal tax rates for taxable incomes over $25,000 and under $75,000. The regular personal amount of $8,481 for 2019/2020 does not affect marginal tax rates for taxable income over $8,481, because it is not reduced as taxable income increases.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023