Nunavut Tax Rates

Nunavut

2025 Tax Rates

Personal Income Tax — Combined Federal + Provincial

Top marginal rates — 2025

Other income 44.5%Capital gains 22.25%Elig. dividends 33.08%Non-elig. dividends 37.79%

Income Range	Other Income	Capital Gains	Eligible Dividends	Non-Elig. Dividends
Up to $54,707	18.5%	9.25%	-2.8%	7.89%
$54,707 – $57,375	21.5%	10.75%	1.34%	11.34%
$57,375 – $109,413	27.5%	13.75%	9.62%	18.24%
$109,413 – $114,750	29.5%	14.75%	12.38%	20.54%
$114,750 – $177,881	35%	17.5%	19.97%	26.86%
$177,881 – $253,414	40.81%	20.41%	27.99%	33.55%
Over $253,414	44.5%	22.25%	33.08%	37.79%

Corporate Income Tax

General Rate27%Combined fed + prov

Small Business Rate12%CCPC active business income

Business Limit$500,000SB 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	—	44.5%	44.5%	—
Corp (General) → Eligible DividendPublic company or CCPC above limit	27%	33.08%	51.15%	+6.65%
Corp (CCPC/SB) → Non-Eligible DividendCCPC within small-business limit	12%	37.79%	45.26%	+0.76%

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 Nunavut 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.