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- tax brackets and applicable Nunavut rates, plus combined federal/Nunavut marginal tax rates for eligible and non-eligible Canadian dividends, capital gains and other income (interest, foreign dividends, employment, self-employment, etc).
- Detailed tax calculator which includes most deductions and tax credits, can be used to check your tax return or to do some tax planning for the next tax year.
Basic Canadian Tax Calculator and Enhanced Basic Canadian Tax Calculator
- The Basic Tax Calculator works for all provinces and territories, and requires very little input. You input the amount of income from Canadian eligible and non-eligible dividends, capital gains, and employment/other income. This will produce a table of taxes payable for the current and past 5 years, for all provinces and territories, as well as your marginal tax rate for each type of income.
COVID-19 Resources - federal and provincial/territorial
The Nunavut 2022-23 budget was presented on May 26, 2022, with no tax changes announced.
The Nunavut 2021-22 budget was presented on February 22, 2021, with no tax changes announced.
The Nunavut 2020-21 budget was presented on February 26, 2020, with no tax changes announced.
Bill 56, Liquor Tax Act, was subsequently tabled, which proposes a tax on liquor products sold and consumed in Nunavut. See the Nunavut information on Liquor Tax. As of February 24, 2021, this bill had not yet been passed.
The Nunavut 2019-20 budget was presented on February 20, 2019, with no income tax changes announced. However, the following tax changes were subsequently tabled in Bill 26, An Act to Amend the Income Tax Act:
- Refundable cost of living tax credit increased.
- Basic personal amount and spousal amount increased to $16,000 for 2019.
- Corporate tax rate for small businesses reduced from 4% to 3% effective July 1, 2019.
Nunavut Dividend Tax Credit for Eligible Dividends
NU Income Tax Act, 2000 s. 2.32
The dividend tax credit for dividends eligible for the eligible dividend tax credit is 20% of the Federal gross-up amount.
The federal gross-up reductions which started in 2010 automatically reduced the amount of the NU eligible dividend tax credit as follows:
NU Income Tax Act s. 2.32
The Nunavut dividend tax credit rate for non-eligible, or small business dividends is defined as 20% of the Federal gross-up.
The Federal 2017 Fall Economic Statement announced that the gross-up rate for non-eligible dividends (also know as regular dividends, or small business dividends) would be reduced to 16% for 2018, and to 15% for 2019 and later years.
The rates for non-eligible dividends are reflected in the following table.
The Nunavut table of marginal tax rates shows the marginal tax rates for eligible and non-eligible dividends and other income.
NU Income Tax Act s. 6.2
A tax credit of $632 for 2022 ($671 for 2023) can be deducted from Nunavut income tax otherwise payable on Form NU428 of the tax return. This is a non-refundable tax credit. The amount is indexed each year for inflation. See Line 51 - Volunteer firefighters' tax credit on the Canada Revenue Agency (CRA) website for more information. See also the federal volunteer firefighter or search and rescue tax credit.
NU Income Tax Act s. 4.1(1.2), (1.3)
This is refundable to the taxpayer even if no income tax was paid. The basic amount of the tax credit is 2% of net income, to a maximum of $1,500 per person.
A single parent with net income over $60,000 is eligible for a supplement of 2% of the excess of net income over $60,000, to a maximum of $255.12.
See Canada Revenue Agency (CRA) forms NU479 from the Nunavut General Income Tax and Benefit Package (link below) for detailed calculation.
Tax tip: File a tax return even if you have no income, to get the refundable tax credits.
Health Care in Nunavut
NU Government Links
Statutes of Nunavut - Annual Volumes - Bills that have been passed.
Department of Finance - Income Tax - with links to tax rates, as well as the Income Tax Act and Regulations
Canada Revenue Agency (CRA) Links
Revised: October 26, 2023
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