Nunavut dividend tax, 2026

At the top bracket, Nunavut taxes eligible Canadian dividends at 33.08% against 44.50% on ordinary income — an advantage of 11.42 points for holding the same money as dividends rather than as interest or salary.

Top eligible dividend rate: 33.08%
Rank of 13: 5; 1 is the lowest rate
First bracket to: $55,801

Every bracket

Taxable income up to	Eligible dividends	Non-eligible	Capital gains	Ordinary income
$55,801	-3.49%	7.31%	9.00%	18.00%
$58,523	0.65%	10.76%	10.50%	21.00%
$111,602	9.62%	18.24%	13.75%	27.50%
$117,045	12.38%	20.54%	14.75%	29.50%
$181,439	19.97%	26.86%	17.50%	35.00%
$258,482	27.96%	33.52%	20.40%	40.79%
and above	33.08%	37.79%	22.25%	44.50%

Reading these figures

Dividend rates apply to the dividend actually received, not to the grossed-up amount — the 38% gross-up and the dividend tax credit are already inside them. Capital gains rates apply to the whole gain, not the taxable half. Applying either adjustment again double-counts it.

Nationally

Nunavut ranks 5 of 13 on the top eligible dividend rate, where 1 is lowest. The range runs from 28.33% (Northwest Territories) to 46.20% (Newfoundland and Labrador). Compare all 13.

The threshold above these

Marginal rate is not the whole cost. Above $95,323 of net income, Old Age Security is recovered at 15% — and net income counts the grossed-up dividend, so eligible dividends reach that threshold on roughly 28% less cash than other income does. How that works.

Transcribed 2026-08-06 from a published rate table (source); the underlying brackets and credit rates are set federally and by the province (official figures). Machine-readable: rates.json.