Story perspectives
Top 1% Earners Surge as Nova Scotia Taxes Soar
11/1/2025
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Story summary
- Statistics Canada released 2023 income data showing the top 1% of Canadian tax filers earned over $328,500.
- In Nova Scotia, the top 1% threshold was $254,900.
- The top 1% in Nova Scotia earned 9.7% of total income and paid 16.1% of income taxes.
- Nova Scotia's effective tax rate was 20.7%, the highest in Canada.
- The share of income for the bottom 50% rose in 2023, surpassing pre-pandemic levels.
