CRA & Revenu Québec, Provincial, Tax Basics

Nova Scotia – Income Tax Brackets, Rates, & Provincial Tax Credits

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 Progressive Tax Rate Structure

As with most provinces, Nova Scotia uses a progressive tax structure with 5 tax brackets. Nova Scotia discontinued indexing, therefore the provincial tax brackets have remained the same for a number of years. Visit the government of Nova Scotia’s Personal Income Tax page for tax bracket rates.

Nova Scotia’s Income Tax Brackets for Tax Year 2021

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 Tax Credits

  • 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. For more detailed information review this link from the provincial website.
  • The Poverty Reduction Credit – Although you do not need to apply for this credit, it is based on filing your tax return for the previous year. If you are 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 –  Goes hand in hand with the PRC – For low income individuals and their families, the maximum amount you can receive annually is $255 per person, couples or a single parent, which works out to $21.25 a month, and monthly an extra $5 per child. This is paid quarterly with the CRA GST/HST credit payments.  To have a better understanding of this credit, review this link from the provincial website.
  • The Nova Scotia Child Credit – In addition to the Federal CCB – you will receive a provincial credit as well. There has been an increase from the Provincial  2021/22 Budget for the first child of $25, the second child has not changed and remains at $68.75 and a slight decrease of $6 for the third child. For more detailed information review this link from the provincial website. 

Nova Scotia – Income Assistance Payment Dates 2021/22

Nova Scotia – Budget 2021/2022

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.

There is an allowable amount of income that you can earn before you must start paying taxes. That is called the “basic personal” or “personal amount.” For the 2021 tax year, the Federal Basic Personal Amount (BPA) is $13,808, while the Nova Scotia amount is $8,481.

This TurboTax article provides more information on the federal tax rates, as well as links to other provinces and tax calculators: An Overview of Canada’s Tax Brackets.