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 Income||Basic Personal Amount||Non-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
|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
|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
|Each Additional Child||$75.00|