| 2008 COMBINED FEDERAL AND PROVINCIAL PERSONAL INCOME TAX RATES AND BRACKETS | ||||||||||||
| COMPARISON OF ATLANTIC PROVINCES | ||||||||||||
| NB | NS | PEI | NL | |||||||||
| Income Threshold | Estimated tax to Income Threshold | Rate above Income Threshold | Income Threshold | Estimated tax to Income Threshold | Rate above Income Threshold | Income Threshold | Estimated tax to Income Threshold | Rate above Income Threshold | Income Threshold | Estimated tax to Income Threshold | Rate above Income Threshold | |
| $ 8,395 | $ - | 10.12% | $ 7,731 | $ - | 8.79% | $ 7,708 | $ - | 9.80% | $ 7,566 | $ - | 8.20% | |
| $ 9,600 | $ 122 | 25.12% | $ 9,600 | $ 164 | 23.79% | $ 9,600 | $ 185 | 24.80% | $ 9,600 | $ 167 | 23.20% | |
| $ 34,836 | $ 6,461 | 30.48% | $ 29,590 | $ 4,920 | 29.95% | $ 31,984 | $ 5,737 | 28.80% | $ 30,215 | $ 4,949 | 28.30% | |
| $ 37,885 | $ 7,391 | 37.48% | $ 37,885 | $ 7,404 | 36.95% | $ 37,885 | $ 7,436 | 35.80% | $ 37,885 | $ 7,120 | 35.30% | |
| $ 69,673 | $ 19,305 | 38.80% | $ 59,180 | $ 15,273 | 38.67% | $ 63,969 | $ 16,774 | 38.70% | $ 60,429 | $ 15,078 | 38.00% | |
| $ 75,770 | $ 21,670 | 42.80% | $ 75,770 | $ 21,688 | 42.67% | $ 75,770 | $ 21,341 | 42.70% | $ 75,770 | $ 20,908 | 42.00% | |
| $113,274 | $ 37,722 | 43.95% | $ 93,000 | $ 29,040 | 43.50% | $118,285 | $ 39,495 | 45.70% | $118,285 | $ 38,764 | 45.00% | |
| $118,285 | $ 39,924 | 46.95% | $118,285 | $ 40,039 | 46.50% | |||||||
| *Certain types of income have special credits associated with it, such as taxable dividends and eligible dividends and are not considered in this table. | ||||||||||||
| **These amounts represent estimates based on legislation in place at the time of compilation, therefore prior to making any decisions based on this information, you should review your specific situation with us. | ||||||||||||
| NS charges a surtax of 10% on taxes greater than $10,000 and PEI charges a surtax of 10% on taxes greater than $12,500, which has not been factored into the above calculations. | ||||||||||||