This is income tax calculator for Northwest Territories residents for year 2012-2023. Current tax rates in Northwest Territories and federal tax rates are listed below and check.
IMPORTANT: This tax calculator is used for income tax estimation. Please use Intuit TurboTax if you want to fill your tax return and get tax rebate for previous year. It is free for simple tax returns or gives you 15% discount for more complicated tax returns.
Here is list of netfile software to file your tax return.
Northwest Territories income tax rates 2023
Northwest Territories index their tax brackets using the same formula as that used federally. The inflation factor was 6.3% for 2023. Basic personal amount is $15,609.
| Taxable income | Rate |
|---|---|
| from $0 to $48,326 | 5.90% |
| from $48,327 to $96,655 | 8.60% |
| from $96,656 to $157,139 | 12.20% |
| over $157,139 | 14.05% |
Federal income tax rates in Canada for 2023
In 2023 Canadian federal income tax brackets and base amount were increased by 6.3%.
Federal personal base amount is $15,000.
| Taxable income | Rate |
|---|---|
| 0 – $53,359 | 15.00% |
| $53,359 – $106,717 | $5,753.85 + 20.50% for income over $53,359 |
| $106,717 – $165,430 | $16,692.24 + 26.00% for income over $106,717 |
| $165,430 – $235,675 | $31,957.62 + 29.00% for income over $165,430 |
| over $235,675 | $52,328.67 + 33.00% for income of $235,675 and over |
Historical Northwest Territories tax brackets are listed here and historical federal tax brackets and rates can be found here.