Income Brackets Nova Scotia

In 2019 nova scotia basic personal amount tax brackets and tax rates were the same as in year 2018.

Income brackets nova scotia. The 2020 tax year in nova scotia runs from january 2020 to december 2020 with individual tax returns due no later than the following april 30 th 2021. Nova scotia 2021 and 2020 personal marginal income tax rates. Nova scotia tax rates for 2019 8 79 on the first 29 590 of taxable income plus 14 95 on the portion of taxable income that is more than 29 590 but not more than 59 180 plus 16 67 on the portion of taxable income that is more than 59 180 but not more than 93 000 plus 17 5 on the portion of taxable income that is more than 93 000. The federal tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1 010.

The nova scotia tax brackets and personal tax credits are not increased for inflation. The federal tax brackets and personal amount were increased for 2019 by an indexation factor of 1 022. Please read the article understanding the tables of personal income tax rates. Advertisement basic personal amount.

Your first 8 481 in earnings are exempt from provincial income taxes in nova scotia for 2020 an important note that is on the nova scotia personal tax credit return states that. The nova scotia tax brackets and personal tax credit amounts are not increased for inflation. Please read the article understanding the tables of personal income tax rates. The nova scotia tax brackets are not increased for inflation.

There are 5 tax brackets in nova scotia a. The information deisplayed in the nova scotia tax brackets for 2020 is used for the 2020 nova scotia tax calculator. The nova scotia basic personal amount is 8 481 in 2019 the same as in previous years. Basic personal amount is 8 481.

The federal tax brackets and personal amount are increased for 2020 by an indexation factor of 1 019. 2020 income tax in nova scotia is calculated separately for federal tax commitments and nova scotia province tax commitments.