Nunavut 2022 and 2021 Personal Marginal Income Tax Rates

The Federal and Nunavut tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).

Nunavut uses the Federal indexation factor.

The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

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.

TaxTips.ca - Nunavut Personal Income Tax Brackets and Tax Rates
2022 Taxable Income	2022 Tax Rates	2021 Taxable Income	2021 Tax Rates
first $47,862	4.0%	first $46,740	4.0%
over $47,862 up to $95,724	7.0%	over $46,740 up to $93,480	7.0%
over $95,724 up to $155,625	9.0%	over $93,480 up to $151,978	9.0%
over $155,625	11.5%	over $151,978	11.5%

TaxTips.ca - Combined Federal & Nunavut Tax Brackets and Tax Rates
2022 Taxable Income	NU 2022 Marginal Tax Rates				2021 Taxable Income	NU 2021 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $47,862	19.00%	9.50%	-2.11%	8.46%	first $46,740	19.00%	9.50%	-2.11%	8.46%
over $47,862 up to $50,197	22.00%	11.00%	2.03%	11.91%	over $46,740 up to $49,020	22.00%	11.00%	2.03%	11.91%
over $50,197 up to $95,724	27.50%	13.75%	9.62%	18.24%	over $49,020 up to $93,480	27.50%	13.75%	9.62%	18.24%
over $95,724 up to $100,392	29.50%	14.75%	12.38%	20.54%	over $93,480 up to $98,040	29.50%	14.75%	12.38%	20.54%
over $100,392 up to $155,625	35.00%	17.50%	19.97%	26.86%	over $98,040 up to $151,978	35.00%	17.50%	19.97%	26.86%
over $155,625 up to $221,708	40.88%	20.44%	28.08%	33.63%	over $151,978 up to $216,511	40.82%	20.41%	28.00%	33.56%
over $221,708	44.50%	22.25%	33.08%	37.79%	over $216,511	44.50%	22.25%	33.08%	37.79%
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 15%. For more information see Nunavut dividend tax credits.
Nunavut Basic Personal Amount
2022 Personal Amount	2022 Tax Rate				2021 Personal Amount	2021 Tax Rate
$16,862	4%				$16,467	4%
Federal Basic Personal Amount
2022 Personal Amount (1)	2022 Tax Rate				2021 Personal Amount (1)	2021 Tax Rate
$14,398	15%				$13,808	15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.

Revised: September 20, 2024