Nova Scotia’s famous landmark, the Old Town Clock, has been keeping time since 1803. That’s a century before Canadian personal income taxes were introduced!

Nova Scotia’s income tax brackets for Tax Year 2022

Tax Rate

Tax Bracket

Taxable Annual Income

8.79%

 on the first $29,590

$29,590

14.95%

 on the next $29,590

over $29,590 up to $59,180

16.67%

 on the next $33,820

 over $59,180 up to $93,000

17.5%

 on the next $57,000

 over $93,000 up to $150,000

21%

 on the portion over $150,000

 over $150,000

Nova Scotia has a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of Nova Scotia complement similar credits at the federal level, but there are some unique credits for residents of Nova Scotia.

Nova Scotia’s provincial tax credits

Nova Scotia has a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of Nova Scotia complement similar credits at the federal level, but there are some unique credits for residents of Nova Scotia.

  • Basic needs assistance: For those that need assistance with their daily basic needs, such as clothing, food or shelter, you will be allocated a monthly amount. This amount is based on the number of people within your household and your personal circumstances. 
  • The poverty reduction credit (PRC): Although you don’t need to apply for this credit, this is based on filing your tax return for the previous year. If you’re common-law or single, with no children—this amount is paid out to one person within the household, receiving social assistance with an annual income of less than $16,000. The most you can receive annually is $500, therefore your payment would be $41.67 monthly. Want to know more? Review this link from the provincial website.
  • The affordable living tax credit: Going hand in hand with the PRC credit, this credit is for low-income individuals and their families
  • The Nova Scotia child credit: In addition to the federal CCB — you’ll receive a provincial credit as well. Families whose adjusted family net income is below $26,000 will receive $1,275 annually for each child they have. Families whose net income is above $26,000, and below $34,000, will receive $1,275 annually for the first child and half the rate ($637.50) for the second and subsequent children. For more detailed information review this link from the provincial website.

A complete list of non-refundable tax credits and other credits or deductions for Nova Scotia residents can be found in this CRA link: Nova Scotia tax and credits.