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Atlantic Provinces
Tax Rates - Current Marginal Tax Rates -> New Brunswick, Newfoundland & Labrador, Nova Scotia and Prince Edward Island Personal Income Tax Rates

Atlantic Provinces 2013 and 2014 Personal Marginal Income Tax Rates

Please read the article Understanding the Tables of Personal Income Tax Rates.  Provincial bracket thresholds and personal amounts for 2014 have been confirmed.

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New Brunswick 2014 and 2013 Marginal Tax Rates

New Brunswick (NB)
Personal Income Tax Brackets and Tax Rates

2014 Taxable Income   2014 Tax Rates 2013 Taxable Income   2013 Tax Rates
first $39,305 9.68% first $38,954 9.39%
over $39,305 up to $78,609 14.82% over $38,954 up to $77,908 13.46%
over $78,609 up to $127,802 16.52% over $77,908 up to $126,662 14.46%
over $127,802 17.84% over $126,662 16.07%

New Brunswick (NB)
Combined Federal & Provincial Tax Brackets and Tax Rates

2014 Taxable Income   2014 Marginal Tax Rates 2013 Taxable Income   2013 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $39,305 24.68% 12.34% -3.23% 9.87% first $38,954 24.39% 12.20% -3.63% 7.20%
over $39,305 up to $43,953 29.82% 14.91% 3.86% 15.93% over $38,954 up to $43,561 28.46% 14.23% 1.99% 12.28%
over $43,953 up to $78,609 36.82% 18.41% 13.52% 24.19% over $43,561 up to $77,908 35.46% 17.73% 11.65% 21.03%
over $78,609 up to $87,907 38.52% 19.26% 15.87% 26.20% over $77,908 up to $87,123 36.46% 18.23% 13.03% 22.28%
over $87,907 up to $127,802 42.52% 21.26% 21.39% 30.92% over $87,123 up to $126,662 40.46% 20.23% 18.55% 27.28%
over $127,802 up to $136,270 43.84% 21.92% 23.21% 32.48% over $126,662 up to $135,054 42.07% 21.04% 20.77% 29.30%
over $136,270 46.84% 23.42% 27.35% 36.02% over $135,054 45.07% 22.54% 24.91% 33.05%

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).
Note:  Gross-up rate for non-eligible dividends is 18% in 2014, 25% in 2013.  For more information see New Brunswick non-eligible dividend tax credit.

NB Basic Personal Amount
2014 Tax Rate 2013 Tax Rate
$9,472 9.68% $9,388 9.39%
Federal Basic Personal Amount
2014 Tax Rate 2013 Tax Rate
$11,138 15.00% $11,038 15.00%
 

The NB and Federal tax brackets and personal amounts were increased for 2014 by an indexation factor of 1.009.
The New Brunswick 2013 budget announced that tax rates would be increased to the same as they were in 2006, effective July 1, 2013.  The 2013 rates above are the averages of the rates for the first 6 months of the year and the rates for the last 6 months of the year, and will be the rates used when 2013 income tax returns are filed.

Newfoundland & Labrador 2014 and 2013 Marginal Tax Rates

Newfoundland & Labrador (NL)
Personal Income Tax Brackets and Tax Rates

2014 Taxable Income   2014 Tax Rates 2013 Taxable Income   2013 Tax Rates
first $34,254 7.70% first $33,748 7.70%
over $34,254 up to $68,508 12.50% over $33,748 up to $67,496 12.50%
over $68,508 13.30% over $67,496 13.30%

Newfoundland & Labrador (NL)
Combined Federal & Provincial Tax Brackets and Tax Rates

2014 Taxable Income   2014 Marginal Tax Rates 2013 Taxable Income   2013 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $34,254 22.70% 11.35% -0.72% 8.42% first $33,748 22.70% 11.35% -4.58% 5.46%
over $34,254 up to $43,953 27.50% 13.75% 5.91% 14.08% over $33,748 up to $43,561 27.50% 13.75% 2.04% 11.46%
over $43,953 up to $68,508 34.50% 17.25% 15.57% 22.34% over $43,561 up to $67,496 34.50% 17.25% 11.70% 20.21%
over $68,508 up to $87,907 35.30% 17.65% 16.67% 23.29% over $67,496 up to $87,123 35.30% 17.65% 12.81% 21.21%
over $87,907 up to $136,270 39.30% 19.65% 22.19% 28.01% over $87,123 up to $135,054 39.30% 19.65% 18.33% 26.21%
over $136,270 42.30% 21.15% 26.33% 31.55% over $135,054 42.30% 21.15% 22.47% 29.96%

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).
Note:  Gross-up rate for non-eligible dividends is 18% in 2014, 25% in 2013.
Above rates use an average rate for both eligible and non-eligible dividend tax credits for 2014.
For more information see NL Dividend Tax Credit.

NL Basic Personal Amount
2014  Tax Rate 2013  Tax Rate
$8,578 7.70% $8,451 7.70%
Federal Basic Personal Amount
2014 Tax Rate 2013  Tax Rate
$11,138 15.00% $11,038 15.00%

The NL tax brackets and personal amount were increased for 2014 by an indexation factor of 1.015.  The Federal tax brackets and personal amount were increased for 2014 by an indexation factor of 1.009.

 

Nova Scotia 2014 and 2013 Marginal Tax Rates

Nova Scotia (NS)
Personal Income Tax Brackets and Tax Rates

2014 Taxable Income   2014 Tax Rates 2013 Taxable Income   2013 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%

Nova Scotia (NS)
Combined Federal & Provincial Tax Brackets and Tax Rates

2014 Taxable Income   2014 Marginal Tax Rates 2013 Taxable Income   2013 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $29,590 23.79% 11.90% -0.11% 8.14% first $29,590 23.79% 11.90% -0.11% 3.45%
over $29,590 up to $43,953 29.95% 14.98% 8.39% 15.41% over $29,590 up to $43,561 29.95% 14.98% 8.39% 11.15%
over $43,953 up to $59,180 36.95% 18.48% 18.05% 23.67% over $43,561 up to $59,180 36.95% 18.48% 18.05% 19.90%
over $59,180 up to $87,907 38.67% 19.34% 20.42% 25.70% over $59,180 up to $87,123 38.67% 19.34% 20.42% 22.05%
over $87,907 up to $93,000 42.67% 21.34% 25.94% 30.42% over $87,123 up to $93,000 42.67% 21.34% 25.94% 27.05%
over $93,000 up to $136,270 43.50% 21.75% 27.09% 31.40% over $93,000 up to $135,054 43.50% 21.75% 27.09% 28.08%
over $136,270 up to $150,000 46.50% 23.25% 31.23% 34.94% over $135,054 up to $150,000 46.50% 23.25% 31.23% 31.83%
over $150,000 50.00% 25.00% 36.06% 39.07% over $150,000 50.00% 25.00% 36.06% 36.21%

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).
Note:  Gross-up rate for non-eligible dividends is 18% in 2014, 25% in 2013.  For more information see Nova Scotia non-eligible dividend tax credit.

NS Basic Personal Amount
2014  Tax Rate 2013  Tax Rate
$8,481 8.79% $8,481 8.79%
Federal Basic Personal Amount
2014 Tax Rate 2013  Tax Rate
$11,138 15.00% $11,038 15.00%
 

The NS tax brackets are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2014 by an indexation factor of 1.009.

 

Prince Edward Island 2014 and 2013 Marginal Tax Rates

Prince Edward Island (PE)
Personal Income Tax Brackets and Rates Before Surtax

2014 Taxable Income   2014 Tax Rates 2013 Taxable Income   2013 Tax Rates
first $31,984 9.80% first $31,984 9.80%
over $31,984 up to $63,969 13.80% over $31,984 up to $63,969 13.80%
over $63,969 16.70% over $63,969 16.70%

Prince Edward Island (PE)
Combined Federal & Provincial Tax Brackets and Tax Rates Including Surtax

2014 Taxable Income   2014 Marginal Tax Rates 2013 Taxable Income   2013 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $31,984 24.80% 12.40% -0.99% 12.48% first $31,984 24.80% 12.40% -0.99% 10.71%
over $31,984 up to $43,953 28.80% 14.40% 4.53% 17.20% over $31,984 up to $43,561 28.80% 14.40% 4.53% 15.71%
over $43,953 up to $63,969 35.80% 17.90% 14.19% 25.46% over $43,561 up to $63,969 35.80% 17.90% 14.19% 24.46%
over $63,969 up to $87,907 38.70% 19.35% 18.19% 28.89% over $63,969 up to $87,123 38.70% 19.35% 18.19% 28.08%
over $87,907 up to $98,145 42.70% 21.35% 23.71% 33.61% over $87,123 up to $98,145 42.70% 21.35% 23.71% 33.08%
over $98,145 up to $136,270 44.37% 22.19% 24.56% 35.20% over $98,145 up to $135,054 44.37% 22.19% 24.56% 34.81%
over $136,270 47.37% 23.69% 28.70% 38.74% over $135,054 47.37% 23.69% 28.70% 38.56%

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).
Note:  Gross-up rate for non-eligible dividends is 18% in 2014, 25% in 2013.
The 2014 rate for non-eligible dividends reflects the change from Bill 7.
For more information see Prince Edward Island non-eligible dividend tax credit.

PE Surtax
2014  2013 
PE surtax rate (included in all above rates) 10% PE surtax rate (included in all above rates) 10%
Surtax is on PE tax greater than $ 12,500 Surtax is on PE tax greater than $ 12,500
Person with only basic personal amount - surtax starts at taxable income of $ 98,145 Person with only basic personal amount - surtax starts at taxable income of $ 98,145
PE Basic Personal Amount
2014  Tax Rate 2013  Tax Rate
$7,708 9.80% $7,708 9.80%
Federal Basic Personal Amount
2014 Tax Rate 2013  Tax Rate
$11,138 15.00% $11,038 15.00%

The PE tax brackets and personal amount are not increased for inflation.  The Federal tax brackets and personal amount were increased for 2014 by an indexation factor of 1.009.

 

 

Revised: July 31, 2014

 

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