Nova Scotia 2020 and 2019 Personal Marginal Income Tax Rates

Please read the article Understanding the Tables of Personal Income Tax Rates.

The Nova Scotia tax brackets and personal tax credits are not increased for inflation. The Federal tax brackets and personal amount are increased for 2020 by an indexation factor of 1.019. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

If Nova Scotia had not discontinued indexing, the Nova Scotia tax brackets and personal amounts would have been increased for 2020 by an indexation factor of 1.017.

Nova Scotia Personal Income Tax Brackets and Tax Rates
2020 Taxable Income	2020 Tax Rates	2019 Taxable Income	2019 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
2020 Taxable Income	2020 Marginal Tax Rates				2019 Taxable Income	2019 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 $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	24.32%	12.16%	0.62%	14.14%	over $25,000 up to $29,590	24.32%	12.16%	0.62%	14.14%
over $29,590 up to $48,535	30.48%	15.24%	9.12%	21.23%	over $29,590 up to $47,630	30.48%	15.24%	9.12%	21.23%
over $48,535 up to $59,180	35.98%	17.99%	16.71%	27.55%	over $47,630 up to $59,180	35.98%	17.99%	16.71%	27.55%
over $59,180 up to $74,999	37.70%	18.85%	19.09%	29.53%	over $59,180 up to $74,999	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 $97,069	38.00%	19.00%	19.50%	29.88%	over $93,000 up to $95,259	38.00%	19.00%	19.50%	29.88%
over $97,069 up to $150,000	43.50%	21.75%	27.09%	36.20%	over $95,259 up to $147,667	43.50%	21.75%	27.09%	36.20%
over $150,000 up to $150,473	47.00%	23.50%	31.92%	40.23%	over $147,667 up to $150,000	46.50%	23.25%	31.23%	39.65%
over $150,473 up to $214,368	50.22%	25.11%	36.36%	43.93%	over $150,000 up to $210,371	50.00%	25.00%	36.06%	43.68%
over $214,368	54.00%	27.00%	41.58%	48.28%	over $210,371	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.
Nova Scotia Basic Personal Amount
2020 Personal Amount (1)	2020 Tax Rate				2019 Personal Amount	2019 Tax Rate
$8,481	8.79%				$8,481 (1)	8.79%
Federal Basic Personal Amount
2020 Personal Amount (2)	2020 Tax Rate				2019 Personal Amount	2019 Tax Rate
$13,229	15%				$12,069	15%

(1) 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.

(2) The 2020 federal personal amount is increased from $12,298 to $13,229 for taxpayers with net income of $150,473 or less. For incomes above this threshold, the additional amount of $931 is reduced until it becomes zero at net income of $214,368. The marginal tax rates above have been adjusted to reflect this change.

Revised: May 18, 2025