Nova Scotia Income Tax Calculator 2020 & 2021.

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Nova Scotia

Income Tax Calculator

Estimate your 2020 & 2021 total income taxes with only a few details about your income

Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains
Eligible Dividends
Ineligible Dividends

Results

Total Income
$ 50,000
Total Tax
$ 13,734.25
Income Tax
$ 10,503
EI Premiums
$ 790
CPP ContributionQPP Contribution
$ 2,441.25
After Tax Income
$ 36,265.75
Average Tax Rate
21.01%
Marginal Tax Rate
35.45%
Canada Federal and Nova Scotia tax brackets 2020
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
Less than $13,229 0%
$13,230 to $48,53515%
$48,536 to $97,06920.5%
$97,070 to $150,47326%
$150,474 to $214,36829%
More than $214,369 33%
Nova Scotia tax bracketNova Scotia tax rates
Less than $8,481 0%
$8,482 to $29,5908.79%
$29,591 to $59,18014.95%
$59,181 to $93,00016.67%
$93,001 to $150,00017.5%
More than $150,001 21%

Nova Scotia Income Tax Brackets Changes

Income thresholds for income tax brackets in Nova Scotia will not be increasing for the 2021 tax year.

Nova Scotia Personal Amounts 2021

Annual IncomeBasic Personal AmountNon-Refundable Tax Credits
Less than $25,000$8,481$11,481
$25,000 to $75,000$11,481 - ((Annual Income - $25,000) x 6%)$8,481 + ((Annual Income - $25,000) x 6%)
More than $75,000$8,481$8,481

Nova Scotia Age Amount

If you are over the age of 65, you may claim a tax credit of $4,141 if your income is less than $30,828. If your income is more than $30,828 but less than $58,435, you may claim a partial benefit.

Nova Scotia Age Amount 2021

IncomeTax Credit
Less than $30,828$4,141
More than $30,828$4,141 - 15% of income over $30,828

Nova Scotia Age Supplement

If you are over the age of 65, you may claim a tax credit of $1,465 if your income is less than $25,000. You can also claim the age supplement tax credit at a partial rate if your income is between $25,000 and $75,000.

Nova Scotia Age Supplement 2021

IncomeTax Credit
Less than $25,000$1,465
More than $25,000$1,465 - 2.93% of income over $30,828

Nova Scotia Volunteer Firefighters and Ground Search and Rescue Tax Credit

You may claim this tax credit if you were a volunteer firefighter or search and rescue volunteer for at least six months. This tax credit provides a refundable tax credit of $500.

Nova Scotia Refundable Tax Credits

The Nova Scotia Affordable Living Tax Credit (NSALTC) provides up to $255 a year, plus $60 for each child, to households with an income less than $30,000. If your household income is over $30,000, the tax credit is reduced by 5% for your income over $30,000.

The Nova Scotia Child Benefit (NSCB) is paid monthly if your family income is less than $26,000, and is combined with the Canada Child Benefits (CCB) into the same monthly payment. You may receive a partial NSCB benefit if your income is between $26,000 and $34,000.

Nova Scotia Child Benefit 2021

Monthly Benefit
First Child$77.08
Second Child$68.75
Each Additional Child$75.00