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 but not more than $150,000, plus
- 21% on taxable income over $150,000.
Non-refundable tax credits, credits and reductions
Nova Scotia offers the following credits and reductions to further reduce your amount of provincial tax payable:
- Age amount (see Worksheet NS428)
- Age tax credit
- Allowable amount of medical expenses for other dependants
- Amount for an eligible dependant
- Amount for infirm dependants age 18 or older
- Amount for young children
- Amounts transferred from your spouse or common-law partner (see Schedule NS(S2))
- Basic personal amount
- CPP or QPP contributions on self-employment and other earnings (see Schedule 1, Federal tax)
- CPP or QPP contributions through employment (see Schedule 1, Federal tax)
- Caregiver amount
- Disability amount (for self)
- Disability amount transferred from a dependant
- Donations and gifts (see Worksheet NS428)
- Employment insurance premiums on self-employment and other eligible earnings (see Schedule 1, Federal tax)
- Employment insurance premiums through employment (see Schedule 1, Federal tax)
- Equity tax credit
- Interest paid on your student loans (see Schedule 1, Federal tax)
- Labour-sponsored venture capital tax credit
- Low-income tax reduction – Nova Scotia
- Medical expenses for self, spouse or common-law partner, and your dependent children born in 2001 or later
- Pension income amount
- Political contribution tax credit – Nova Scotia
- Provincial foreign tax credit
- Research and development tax credit recapture – Nova Scotia
- Spouse or common-law partner amount
- Tuition and education amounts
- Tuition and education amounts transferred from a child
Nova Scotia volunteer firefighters and ground search and rescue tax credit
Nova Scotia offers the Nova Scotia volunteer firefighters and ground search and rescue tax credit which is a refundable credit.
Nova Scotia related CRA Forms and publications
Did you know?
In 2013-14, the Province of Nova Scotia received $9.3 billion in revenue. Most of that came from taxes, including the income tax individuals and businesses pay, taxes on gasoline, HST, user fees, and royalities the government receives from offshore petroleum production activities.
Of that $9.3 billion dollars, the Nova Scotia government paid out $9.9 billion dollars, see below.
Canadian Tax Expert @ TurboTax. Former CRA employee.