Nova Scotia Tax Rates

Nova Scotia

2025 Tax Rates

Personal Income Tax — Combined Federal + Provincial

Top marginal rates — 2025

Other income 54%Capital gains 27%Elig. dividends 41.58%Non-elig. dividends 49.99%

Income Range	Other Income	Capital Gains	Eligible Dividends	Non-Elig. Dividends
Up to $30,507	23.29%	11.65%	-0.8%	14.67%
$30,507 – $57,375	29.45%	14.73%	7.7%	21.76%
$57,375 – $61,015	35.45%	17.73%	15.98%	28.66%
$61,015 – $95,883	37.17%	18.59%	18.35%	30.64%
$95,883 – $114,750	38%	19%	19.5%	31.59%
$114,750 – $154,650	43.5%	21.75%	27.09%	37.92%
$154,650 – $177,882	47%	23.5%	31.92%	41.94%
$177,882 – $253,414	50.31%	25.16%	36.49%	45.75%
Over $253,414	54%	27%	41.58%	49.99%

Corporate Income Tax

General Rate29%Combined fed + prov

Small Business Rate10.5%CCPC active business income

Business Limit$700,000SB rate applies up to this limit

Integrated Rates — Corporate + Personal

Integration analysis shows the total tax cost when income flows through a corporation and is then distributed to a top-bracket individual shareholder, compared with earning the same income directly as salary.

Route	Corp Rate	Top Personal Rate	Combined Integrated Rate	vs. Salary
Salary / DirectBaseline	—	54%	54%	—
Corp (General) → Eligible DividendPublic company or CCPC above limit	29%	41.58%	58.52%	+4.52%
Corp (CCPC/SB) → Non-Eligible DividendCCPC within small-business limit	10.5%	49.99%	55.24%	+1.24%

All rates are % of actual amount received: dividend rates apply to the actual dividend (not the grossed-up taxable amount) and capital gains rates apply to the total gain (not the 50% taxable inclusion). A negative eligible dividend rate means the dividend tax credit exceeds the gross-up, resulting in a net tax refund on that income. Corporate rates shown are combined federal and Nova Scotia provincial rates and may differ from federal-only figures. The integration analysis compares routes for a top-bracket individual shareholder and is an approximation only; actual results depend on individual circumstances.