Nova Scotia 2025 & 2024 Tax Rates & Tax Brackets

The Nova Scotia 2024 Budget provided that starting January 1, 2025, tax brackets and some personal tax credit amounts would be increased for inflation, using the Nova Scotia indexation factor. The Nova Scotia indexation factor is calculated using the 12 month CPI average ending August. The Federal and all other provinces and territories that index their personal income tax system use the 12 month CPI average ending September.

The Nova Scotia tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.031 (3.1% increase).

The Federal tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.027 (2.7% increase).

The Nova Scotia 2025 Budget announced an increase to the basic personal amount, and the elimination of the $3,000 supplement. There was no mention of a change to the non-eligible dividend tax credit as a result of the reduction of the small business tax rate.

See the Canada Federal Personal Tax Rates page for information on the Capital Gains Inclusion Rate Change, the increase to which will likely not be reintroduced.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The Federal and Nova Scotia indexation factors, tax brackets and tax rates for 2025 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 or the Detailed Tax Calculators.

TaxTips.ca - Nova Scotia Tax Rates
2025 Taxable Income	2025 Tax Rates	2024 Taxable Income	2024 Tax Rates
first $30,507	8.79%	first $29,590	8.79%
over $30,507 up to $61,015	14.95%	over $29,590 up to $59,180	14.95%
over $61,015 up to $95,883	16.67%	over $59,180 up to $93,000	16.67%
over $95,883 up to $154,650	17.50%	over $93,000 up to $150,000	17.50%
over $154,650	21.00%	over $150,000	21.00%

TaxTips.ca - Combined Federal & Nova Scotia Tax Brackets and Tax Rates
2025 Taxable Income (1)(2)	NS 2025 Marginal Tax Rates				2024 Taxable Income (1)(2)	NS 2024 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 $30,507	23.79%	11.90%	-0.11%	13.54%	first $25,000	23.79%	11.90%	-0.11%	13.54%
over $30,507 up to $57,375	29.95%	14.98%	8.39%	20.62%	over $25,000 up to $29,590	24.32%	12.16%	0.62%	14.14%
over $57,375 up to $61,015	35.45%	17.73%	15.98%	26.94%	over $29,590 up to $55,867	30.48%	15.24%	9.12%	21.23%
over $61,015 up to $95,883	37.17%	18.59%	18.35%	28.92%	over $55,867 up to $59,180	35.98%	17.99%	16.71%	27.55%
over $95,883 up to $114,750	38.00%	19.00%	19.50%	29.88%	over $59,180 up to $74,999	37.70%	18.85%	19.09%	29.53%
over $114,750 up to $154,650	43.50%	21.75%	27.09%	36.20%	over $74,999 up to $93,000	37.17%	18.59%	18.35%	28.92%
over $154,650 up to $177,882	47.00%	23.50%	31.92%	40.23%	over $93,000 up to $111,733	38.00%	19.00%	19.50%	29.88%
over $177,882 up to $253,414	50.32%	25.16%	36.50%	44.05%	over $111,733 up to $150,000	43.50%	21.75%	27.09%	36.20%
over $253,414	54.00%	27.00%	41.58%	48.28%	over $150,000 up to $173,205	47.00%	23.50%	31.92%	40.23%
					over $173,205 up to $246,752	50.32%	25.16%	36.50%	44.05%
					over $246,752	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. Copyright © 2002 Boat Harbour Investments Ltd.

Nova Scotia Basic Personal Amount
2025 Personal Amount	2025 Tax Rate	2024 Personal Amount (2)	2024 Tax Rate
$11,744	8.79%	$8,481	8.79%

Federal Basic Personal Amount
2025 Personal Amount (1) Minimum / Maximum		2025 Tax Rate	2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate
$14,538	$16,129	15%	$14,156	$15,705	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.

(2) An additional $3,000 personal amount for 2018 to 2024, which is reduced at the rate of 6% of taxable income in excess of $25,000, is reflected in the purple 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 does not affect marginal tax rates for taxable income over $8,481, because it is not reduced as taxable income increases.

Revised: February 26, 2025