Nunavut 2024 and 2023 Tax Rates & Tax Brackets

Nunavut Tax Rates
2024 Taxable Income 2024 Tax Rates 2023 Taxable Income 2023 Tax Rates
first $53,268 4.0% first $50,877 4.0%
over $53,268 up to $106,537 7.0% over $50,877 up to $101,754 7.0%
over $106,537 up to $173,205 9.0% over $101,754 up to $165,429 9.0%
over $173,205 11.5% over $165,429 11.5%
Combined Federal & Nunavut Tax Brackets and Tax Rates
2024 Taxable Income NU 2024 Marginal Tax Rates 2023 Taxable Income NU 2023 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $53,268 19.00% 9.50% -2.11% 8.46% first $50,877 19.00% 9.50% -2.11% 8.46%
over $53,268 up to $55,867 22.00% 11.00% 2.03% 11.91% over $50,877 up to $53,359 22.00% 11.00% 2.03% 11.91%
over $55,867 up to $106,537 27.50% 13.75% 9.62% 18.24% over $53,359 up to $101,754 27.50% 13.75% 9.62% 18.24%
over $106,537 up to $111,733 29.50% 14.75% 12.38% 20.54% over $101,754 up to $106,717 29.50% 14.75% 12.38% 20.54%
over $111,733 up to $173,205 35.00% 17.50% 19.97% 26.86% over $106,717 up to $165,429 35.00% 17.50% 19.97% 26.86%
over $173,205 up to $246,752 40.82% 20.41% 28.00% 33.56% over $165,429 up to $235,675 40.82% 20.41% 28.00% 33.56%
over $246,752 44.50% 22.25% 33.08% 37.79% over $235,675 44.50% 22.25% 33.08% 37.79%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%.
Nunavut Basic Personal Amount
2024 Personal Amount 2024 Tax Rate 2023 Personal Amount 2023 Tax Rate
$18,767 4% $17,925 4%
Federal Basic Personal Amount
2024 Personal Amount Minimum / Maximum 2024 Tax Rate 2023 Personal Amount Minimum / Maximum 2023 Tax Rate
$14,156 $15,705 15% $13,520 $15,000 15%