How To Calculate Your Take-Home Pay In Nova Scotia

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Bryan Daly
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Caitlin Wood, BA
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Caitlin Wood has more than a decade of experience helping Canadian consumers learn how to take control of their finances. Expertise:
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Updated On: January 4, 2024
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As Canadians, you’ll pay income taxes to maintain the country’s government services and programs. Those taxes affect your gross annual income. In reality, you may not be taking as much money home from your job, business or side hustle as you think. To calculate your actual take-home pay, you need to know your gross annual and associated contributions you need to make. 

However, your take-home pay also fluctuates according to where you live, which means you’ll have to adjust your calculations to accommodate your federal and provincial income taxes. For instance, here’s how to calculate your salary in Nova Scotia.

How To Calculate Your Take-Home Pay As A Resident Of Nova Scotia

In Nova Scotia, the amount of tax that you pay on your gross annual salary depends on your federal and provincial tax rates. You can calculate your net salary (take-home pay) by subtracting your federal taxes, provincial taxes, and other deductions from your gross annual (pre-tax) salary:

Net Salary Calculation Gross Salary − Taxes (provincial and federal) − CPP − EI 

Deductions That Can Affect Your Net Salary In Nova Scotia     

Besides your federal and provincial taxes, the government also deducts a portion of your pay for CPP and EI: 

Canada Pension Plan (CPP)

The CPP is a social insurance program that’s administered by the federal government. You have to contribute to it whenever you’re working and, in exchange, the program gives you:

  • A regular source of income after you retire
  • Disability benefits
  • Death and survivor benefits      

Employment Insurance

EI is a contribution program that gives you temporary financial assistance if you’re unable to work for valid reasons, such as:

  • Loss of employment (without fault)
  • Serious illness
  • Pregnancy
  • Caring for a family member with an illness
  • Parental benefits

How Much Will You Pay In Taxes In Nova Scotia

While your federal taxes are the largest portion of your yearly income taxes in Nova Scotia, you must factor in your provincial taxes too. Here are the tax rates you’ll have to pay as a resident of Nova Scotia (which vary according to your tax bracket and gross annual income): 

Federal Tax Rates

Federal Tax RateFederal Income Tax Brackets
15%Applicable to taxable income up to $57,375
20.5%Applicable to taxable income over $57,375 up to $114,750
26%Applicable to taxable income over $114,750 up to $177,882
29%Applicable to taxable income over $177,882 up to $253,414
33%Applicable to taxable income over $253,414

Nova Scotia Tax Rates

Nova Scotia Tax RateNova Scotia Income Tax Brackets
8.79%Applicable to taxable income up to $30,507
14.95%Applicable to taxable income over $30,507 up to $61,015
16.67%Applicable to taxable income over $61,015 up to $95,883
17.5%Applicable to taxable income over $95,883 up to $154,650
21%Applicable to taxable income over $154,650

How Much Income Will You Take Home In Nova Scotia After Taxes?

As mentioned, your provincial income taxes vary according to your province or territory. Here’s a more detailed chart to show what you could pay in taxes in Nova Scotia and what your take-home pay would be: 

Federal Tax DeductionProvincial Tax DeductionCPP/EI Tax DeductionNet Pay
$45,000$3,697$3,691$3,216$34,396
$65,000$6,942$6,731$4,708$46,619
$95,000$13,020$11,745$5,105$65,130
$150,000$26,353$21,370$5,105$97,172

Note: This illustration shows the estimated net salary made based on tax rate 2025.

Tax Credits That Can Affect Your Income Taxes In Nova Scotia 

Most provincial governments offer a variety of refundable and non-refundable tax credits that can affect the amount of taxes you pay from year to year. Although many federal tax credits are available too, here are some that are specific to Nova Scotia:

The Poverty Reduction Credit (PRC)

If you’re single or in a common-law partnership, one person in your household can get a yearly payment of up to $500. You don’t have to apply for this credit, as it’s based on your tax return from the previous year. To qualify for The Poverty Reduction Credit, you must:

  • Have NO children
  • Be receiving social assistance
  • Be earning less than $16,000 annually  

The Affordable Living Tax Credit (ALTC)

Similar to the PRC, the ALTC provides a quarterly payment to eligible low-income earners and their families. As an individual or couple, you can get a base amount of $255/yearly and $60/year for each child you have. If your family income is over $30,000, your benefit amount will be reduced by $0.05 for every dollar you have over the income threshold. 

Interested in information about the Nova Scotia Disability Support Program?

The Nova Scotia Child Credit

The NSCB is a provincial credit you can get in addition to the Canada Child Benefit (CCB). Families with adjusted net incomes of less than $26,000 can receive $1,525 annually for every child they have. If a family’s income is between $26,000 and $34,000, you may get a lower amount.

Labour-Sponsored Venture-Capital Tax Credit

This credit offers a personal income tax credit to individuals who are investing in registered labour-sponsored venture-capital corporations (LSVCC). It helps small and medium businesses and co-operatives get equity financing, to a maximum credit of $2,000 annually. 

Other tax deductions

The following deductions can help reduce your total income and thus your income taxed owed.

  • Childcare costs
  • Moving costs
  • Registered Retirement Savings Plan (RRSP) contributions (self-made) 
  • Registered Pension Plan (RPP) contributions (through your employer)
  • Professional expenses or union dues

Minimum Wage Rate In Nova Scotia

At the moment, the minimum wage is $15.70 an hour. So, if you work a standard job that offers you 40 hours a week and 50 weeks a year, you should earn a gross annual income of $31,400 before taxes.

Average Salary In Nova Scotia

As of the 2025 tax year, the average income for Nova Scotia residents aged 16 and over is $48,800 and the median income is $38,700.

Are You A Taxpayer In Nova Scotia?

Then make sure to speak with your accountant and get your finances in order, because tax season is right around the corner. Remember, paying your income taxes is a tedious but essential part of your duties as a Nova Scotia resident.  

Take-Home Pay In Nova Scotia FAQs

What is the main difference between your take-home pay and your gross pay? 

Your gross annual salary is the total amount of income you earn for the tax year, before taxes. Once federal taxes, provincial taxes, CPP and EI are deducted from your gross salary, you’ll be left with your net salary, also known as your “take home” pay.  

What will my net salary be if I make $62,000 a year in Nova Scotia?

If you earn a gross annual income of $62,000 in Nova Scotia, you’ll need to pay approximately $17,103 in taxes and CPP and EI contributions. This leaves you with a net salary of $44,897.

What’s the benefit of knowing your gross and net pay?

No matter what part of Canada you live in, knowing your gross annual and net salary is very important, since you can use those figures to:
  • Determine the amount of income that you actually make after taxes
  • Budget for your general living costs (rent/mortgage, groceries, etc.) 
  • Compare employment offers and negotiate salaries when applying for jobs
  • Ask for a raise at your current job

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