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Nunavut 2019 & 2020 Income Tax Rates TaxTips.ca
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Territories   ->   Nunavut
Tax Rates   ->   Current Marginal Tax Rates -> Nunavut

Nunavut 2020 and 2019 Personal Marginal Income Tax Rates

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

The Federal and Nunavut tax brackets and personal amount are increased for 2020 by an indexation factor of 1.019.  Nunavut uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

Nunavut Personal Income Tax Brackets and Tax Rates
2020 Taxable Income 2020 Tax Rates 2019 Taxable Income 2019 Tax Rates
first $46,277 4.0% first $45,414 4.0%
over $46,277 up to $92,555 7.0% over $45,414 up to $90,829 7.0%
over $92,555 up to $150,473 9.0% over $90,829 up to $147,667 9.0%
over $150,473 11.5% over $147,667 11.5%

 

Combined Federal & Nunavut 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
Eligible Non-Eligible Eligible Non-Eligible
first $46,277 19.00% 9.50% -2.11% 8.46% first $45,414 19.0% 9.50% -2.11% 8.46%
over $46,277 up to $48,535 22.00% 11.00% 2.03% 11.91% over $45,414 up to $47,630 22.0% 11.00% 2.03% 11.91%
over $48,535 up to $92,555 27.50% 13.75% 9.62% 18.24% over $47,630 up to $90,829 27.5% 13.75% 9.62% 18.24%
over $92,555 up to $97,069 29.50% 14.75% 12.38% 20.54% over $90,829 up to $95,259 29.5% 14.75% 12.38% 20.54%
over $97,069 up to $150,473 35.00% 17.50% 19.97% 26.86% over $95,259 up to $147,667 35.0% 17.50% 19.97% 26.86%
over $150,473 up to $214,368 40.72% 20.36% 27.86% 33.44% over $147,667 up to $210,371 40.5% 20.25% 27.56% 33.19%
over $214,368 44.50% 22.25% 33.08% 37.79% over $210,371 44.5% 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
2020 Personal Amount 2020 Tax Rate 2019 Personal Amount (1) 2019 Tax Rate
$16,304 4% $16,000 4%
Federal Basic Personal Amount
2020 Personal Amount (2) 2020 Tax Rate 2019 Personal Amount 2019 Tax Rate
$13,229 15% $12,069 15%
(1) Nunavut's Bill 26 increased the basic personal amount and spousal amount for 2019, to be indexed in subsequent years.

(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.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 09, 2020

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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