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Territories   ->   Nunavut
Tax Rates   ->   2020 and 2021 Tax Rates -> Nunavut

Nunavut 2021 and 2020 Personal Marginal Income Tax Rates

The Federal and Nunavut tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.010.

Nunavut uses the Federal indexation factor.

The indexation factors, tax brackets and tax rates 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.

Nunavut Personal Income Tax Brackets and Tax Rates
2021 Taxable Income 2021 Tax Rates 2020 Taxable Income 2020 Tax Rates
first $46,740 4.0% first $46,277 4.0%
over $46,740 up to $93,480 7.0% over $46,277 up to $92,555 7.0%
over $93,480 up to $151,978 9.0% over $92,555 up to $150,473 9.0%
over $151,978 11.5% over $150,473 11.5%

 

Combined Federal & Nunavut Tax Brackets and Tax Rates
2021 Taxable Income 2021 Marginal Tax Rates 2020 Taxable Income 2020 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $46,740 19.00% 9.50% -2.11% 8.46% first $46,277 19.00% 9.50% -2.11% 8.46%
over $46,740 up to $49,020 22.00% 11.00% 2.03% 11.91% over $46,277 up to $48,535 22.00% 11.00% 2.03% 11.91%
over $49,020 up to $93,480 27.50% 13.75% 9.62% 18.24% over $48,535 up to $92,555 27.50% 13.75% 9.62% 18.24%
over $93,480 up to $98,040 29.50% 14.75% 12.38% 20.54% over $92,555 up to $97,069 29.50% 14.75% 12.38% 20.54%
over $98,040 up to $151,978 35.00% 17.50% 19.97% 26.86% over $97,069 up to $150,473 35.00% 17.50% 19.97% 26.86%
over $151,978 up to $216,511(1) 40.82% 20.41% 28.00% 33.56% over $150,473 up to $214,368(1) 40.72% 20.36% 27.86% 33.44%
over $216,511 44.50% 22.25% 33.08% 37.79% over $214,368 44.50% 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
2021 Personal Amount 2021 Tax Rate 2020 Personal Amount 2020 Tax Rate
$16,467 4% $16,304 4%
Federal Basic Personal Amount
2021 Personal Amount (1) 2021 Tax Rate 2020 Personal Amount (1) 2020 Tax Rate
$13,808 15% $13,229 15%

(1) See the federal tax rates page for information on the federal personal amount increase.

The marginal tax rates above have been adjusted to reflect these changes.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 26, 2023

 

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