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Territories   ->   Nunavut
Tax Rates   ->   Current Marginal Tax Rates -> Nunavut

Nunavut 2022 and 2021 Personal Marginal Income Tax Rates

The Federal and Nunavut tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).

Nunavut uses the Federal indexation factor.

The indexation factors, tax brackets and tax rates have not yet 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
2022 Taxable Income 2022 Tax Rates 2021 Taxable Income 2021 Tax Rates
first $47,862 4.0% first $46,740 4.0%
over $47,862 up to $95,724 7.0% over $46,740 up to $93,480 7.0%
over $95,724 up to $155,625 9.0% over $93,480 up to $151,978 9.0%
over $155,625 11.5% over $151,978 11.5%

 

Combined Federal & Nunavut Tax Brackets and Tax Rates
2022 Taxable Income NU 2022 Marginal Tax Rates 2021 Taxable Income NU 2021 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $47,862 19.00% 9.50% -2.11% 8.46% first $46,740 19.00% 9.50% -2.11% 8.46%
over $47,862 up to $50,197 22.00% 11.00% 2.03% 11.91% over $46,740 up to $49,020 22.00% 11.00% 2.03% 11.91%
over $50,197 up to $95,724 27.50% 13.75% 9.62% 18.24% over $49,020 up to $93,480 27.50% 13.75% 9.62% 18.24%
over $95,724 up to $100,392 29.50% 14.75% 12.38% 20.54% over $93,480 up to $98,040 29.50% 14.75% 12.38% 20.54%
over $100,392 up to $155,625 35.00% 17.50% 19.97% 26.86% over $98,040 up to $151,978 35.00% 17.50% 19.97% 26.86%
over $155,625 up to $221,708 40.88% 20.44% 28.08% 33.63% over $151,978 up to $216,511 40.82% 20.41% 28.00% 33.56%
over $221,708 44.50% 22.25% 33.08% 37.79% over $216,511 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
2022 Personal Amount 2022 Tax Rate 2021 Personal Amount 2021 Tax Rate
$16,862 4% $16,467 4%
Federal Basic Personal Amount
2022 Personal Amount (1) 2022 Tax Rate 2021 Personal Amount (1) 2021 Tax Rate
$14,398 15% $13,808 15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket.  The marginal tax rates in blue above have been adjusted to reflect these changes.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 23, 2021

 

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