TaxTips.ca - Atlantic Provinces 2011 and 2012 Personal Marginal Tax Rates

New Brunswick 2012 and 2011 Marginal Tax Rates
New Brunswick (NB) Personal Income Tax Brackets and Rates
2012 Taxable Income			2012 Tax Rates		2011 Taxable Income			2011 Tax Rates
first $38,190			9.10%		first $37,150			9.10%
over $38,190 up to $76,380			12.10%		over $37,150 up to $74,300			12.10%
over $76,380 up to $124,178			12.40%		over $74,300 up to $120,796			12.40%
over $124,178			14.30%		over $120,796			14.30%
New Brunswick (NB) Combined Federal & Provincial Tax Rates
2012 Taxable Income	2012 Marginal Tax Rates				2011 Taxable Income	2011 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 $38,190	24.10%	12.05%	-4.03%	6.83%	first $37,150	24.10%	12.05%	-6.11%	6.83%
over $38,190 up to $42,707	27.10%	13.55%	0.11%	10.58%	over $37,150 up to $41,544	27.10%	13.55%	-1.88%	10.58%
over $42,707 up to $76,380	34.10%	17.05%	9.77%	19.33%	over $41,544 up to $74,300	34.10%	17.05%	7.99%	19.33%
over $76,380 up to $85,414	34.40%	17.20%	10.18%	19.71%	over $74,300 up to $83,088	34.40%	17.20%	8.41%	19.71%
over $85,414 up to $124,178	38.40%	19.20%	15.70%	24.71%	over $83,088 up to $120,796	38.40%	19.20%	14.05%	24.71%
over $124,178 up to $132,406	40.30%	20.15%	18.33%	27.08%	over $120,796 up to $128,800	40.30%	20.15%	16.73%	27.08%
over $132,406	43.30%	21.65%	22.47%	30.83%	over $128,800	43.30%	21.65%	20.96%	30.83%
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).
NB Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$9,203	9.10%				$8,953	9.10%
Federal Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$10,822	15.00%				$10,527	15.00%
The NB and Federal tax brackets and personal amounts were increased for 2012 by an indexation factor of 1.028.
The New Brunswick 2011 budget announced that the 14.3% rate on the highest tax bracket would be retained for 2011 and 2012.
Newfoundland & Labrador 2012 and 2011 Marginal Tax Rates
Newfoundland & Labrador (NL) Personal Income Tax Brackets and Rates
2012 Taxable Income			2012 Tax Rates		2011 Taxable Income			2011 Tax Rates
first $32,893			7.70%		first $31,904			7.70%
over $32,893 up to $65,785			12.50%		over $31,904 up to $63,807			12.50%
over $65,785			13.30%		over $63,807			13.30%
Newfoundland & Labrador (NL) Combined Federal & Provincial Tax Rates
2012 Taxable Income	2012 Marginal Tax Rates				2011 Taxable Income	2011 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 $32,893	22.70%	11.35%	-4.58%	5.46%	first $31,904	22.70%	11.35%	-6.68%	5.46%
over $32,893 up to $42,707	27.50%	13.75%	2.04%	11.46%	over $31,904 up to $41,544	27.50%	13.75%	0.09%	11.46%
over $42,707 up to $65,785	34.50%	17.25%	11.70%	20.21%	over $41,544 up to $63,807	34.50%	17.25%	9.96%	20.21%
over $65,785 up to $85,414	35.30%	17.65%	12.81%	21.21%	over $63,807 up to $83,088	35.30%	17.65%	11.09%	21.21%
over $85,414 up to $132,406	39.30%	19.65%	18.33%	26.21%	over $83,088 up to $128,800	39.30%	19.65%	16.73%	26.21%
over $132,406	42.30%	21.15%	22.47%	29.96%	over $128,800	42.30%	21.15%	20.96%	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).
NL Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$8,237	7.70%				$7,989	7.70%
Federal Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$10,822	15.00%				$10,527	15.00%
The NL tax brackets and personal amount were increased for 2012 by an indexation factor of 1.031. The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.
Nova Scotia 2012 and 2011 Marginal Tax Rates
Nova Scotia (NS) Personal Income Tax Brackets and Rates
2012 Taxable Income			2012 Tax Rates		2011 Taxable Income			2011 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 Rates
2012 Taxable Income	2012 Marginal Tax Rates				2011 Taxable Income	2011 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%	3.45%	first $29,590	23.79%	11.90%	-2.11%	3.45%
over $29,590 up to $42,707	29.95%	14.98%	8.39%	11.15%	over $29,590 up to $41,544	29.95%	14.98%	6.58%	11.15%
over $42,707 up to $59,180	36.95%	18.48%	18.05%	19.90%	over $41,544 up to $59,180	36.95%	18.48%	16.45%	19.90%
over $59,180 up to $85,414	38.67%	19.34%	20.42%	22.05%	over $59,180 up to $83,088	38.67%	19.34%	18.87%	22.05%
over $85,414 up to $93,000	42.67%	21.34%	25.94%	27.05%	over $83,088 up to $93,000	42.67%	21.34%	24.51%	27.05%
over $93,000 up to $132,406	43.50%	21.75%	27.09%	28.08%	over $93,000 up to $128,800	43.50%	21.75%	25.68%	28.08%
over $132,406 up to $150,000	46.50%	23.25%	31.23%	31.83%	over $128,800 up to $150,000	46.50%	23.25%	29.91%	31.83%
over $150,000	50.00%	25.00%	36.06%	36.21%	over $150,000	50.00%	25.00%	34.85%	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).
NS Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$8,481	8.79%				$8,481	8.79%
Federal Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$10,822	15.00%				$10,527	15.00%

The NS tax brackets are not increased for inflation. The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.
Prince Edward Island 2012 and 2011 Marginal Tax Rates
Prince Edward Island (PE) Personal Income Tax Brackets and Rates Before Surtax
2012 Taxable Income	2012 Tax Rates				2011 Taxable Income	2011 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 Rates Including Surtax
2012 Taxable Income	2012 Marginal Tax Rates				2011 Taxable Income	2011 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
			Eligible Dividends	Non-Eligible Dividends				Eligible Dividends⁽¹⁾	Non-Eligible Dividends
first $31,984	24.80%	12.40%	-0.99%	13.08%	first $31,984	24.80%	12.40%	-3.01%	13.08%
over $31,984 up to $42,707	28.80%	14.40%	4.53%	18.08%	over $31,984 up to $41,544	28.80%	14.40%	2.63%	18.08%
over $42,707 up to $63,969	35.80%	17.90%	14.19%	26.83%	over $41,544 up to $63,969	35.80%	17.90%	12.50%	26.83%
over $63,969 up to $85,414	38.70%	19.35%	18.19%	30.46%	over $63,969 up to $83,088	38.70%	19.35%	16.59%	30.46%
over $85,414 up to $98,145	42.70%	21.35%	23.71%	35.46%	over $83,088 up to $98,145	42.70%	21.35%	22.23%	35.46%
over $98,145 up to $132,406	44.37%	22.19%	24.56%	37.42%	over $98,145 up to $128,800	44.37%	22.19%	23.10%	37.42%
over $132,406	47.37%	23.69%	28.70%	41.17%	over $128,800	47.37%	23.69%	27.33%	41.17%
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).
PE Surtax
2012					2011
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
2012	Tax Rate				2011	Tax Rate
$7,708	9.80%				$7,708	9.80%
Federal Basic Personal Amount
2012	Tax Rate				2011	Tax Rate
$10,822	15.00%				$10,527	15.00%
The PE tax brackets and personal amount are not increased for inflation. The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028. (1) PEI dividend tax credit rate for 2011 for eligible dividends revised by Bill 26, Income Tax (Dividend Tax Credits) Amendment Act in December 2010.

New Brunswick 2012 and 2011 Marginal Tax Rates

Newfoundland & Labrador 2012 and 2011 Marginal Tax Rates

Nova Scotia 2012 and 2011 Marginal Tax Rates

Prince Edward Island 2012 and 2011 Marginal Tax Rates

Atlantic Provinces -> Tax Rates -> 2012 and 2011 Tax Rates -> New Brunswick, Newfoundland & Labrador, Nova Scotia and Prince Edward Island Personal Income Tax Rates

Atlantic Provinces 2012 and 2011 Personal Marginal Income Tax Rates