At 53.53 per cent, the province has the third-highest top personal income tax rate in Canada and the United States.
income tax rates
Tax reductions increase the expected net income from entrepreneurial innovation.
For the province's top earners, each new dollar they earn is taxed at 53.53 per cent.
The province's top combined income tax rate increased from 39 per cent in 2014 to 48 per cent today.
In all four Atlantic provinces, workers at the national average income level must earn more than $152 to boost their after-tax income by $100.
The provincial income tax bill in P.E.I. is twice as large as the bill for someone earning the same amount in B.C.
To boost their after-tax income by $100, workers at the national average income in New Brunswick must earn an additional $154.60 compared to only $139.30 in B.C.
At the national average income level, Nova Scotians face a provincial tax rate of 14.95 per cent on the next dollar they earn.
The province's top combined personal income tax rate stands at 53.53 per cent.