zaro

What is the Top 1 Income in Nova Scotia?

Published in Nova Scotia Income Statistics 1 min read

The threshold for the top 1 percent of income earners in Nova Scotia was $244,800 in 2021.

This figure represents the minimum total income, including capital gains, that an individual taxfiler needed to report to be considered among the top 1 percent highest earners in the province for that year. It reflects that Nova Scotia has fewer individuals reporting very high incomes compared to the national average.

Understanding Top Income Thresholds (2021)

To provide context on income distribution, here's a comparison of the top 1 percent income thresholds for Nova Scotia and Canada as a whole:

Region Top 1% Income Threshold (2021)
Nova Scotia $244,800
Canada (Overall) $327,700

These thresholds indicate the income level required to be part of the most affluent segment of taxfilers, based on their total reported income, in each respective area.