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Northwest Territories 2020 & 2021 Income Tax Rates TaxTips.ca
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Territories   ->   Northwest Territories
Tax Rates   ->   2020 and 2021 Tax Rates -> Northwest Territories

Northwest Territories 2021 and 2020 Personal Marginal Income Tax Rates

The Federal and Northwest Territories tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.010.

Northwest Territories uses the Federal indexation factor.

The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.

Northwest Territories Personal Income Tax Brackets and Tax Rates
2021 Taxable Income 2021 Tax Rates 2020 Taxable Income 2020 Tax Rates
first $44,396 5.90% first $43,957 5.90%
over $44,396 up to $88,796 8.60% over $43,957 up to $87,916 8.60%
over $88,796 up to $144,362 12.20% over $87,916 up to $142,932 12.20%
over $144,362 14.05% over $142,932 14.05%

 

Combined Federal & Northwest Territories Tax Brackets and Tax Rates
2021 Taxable Income 2021 Marginal Tax Rates 2020 Taxable Income 2020 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $44,396 20.90% 10.45% -7.76% 6.75% first $43,957 20.90% 10.45% -7.76% 6.75%
over $44,396 up to $49,020 23.60% 11.80% -4.03% 9.86% over $43,957 up to $48,535 23.60% 11.80% -4.03% 9.86%
over $49,020 up to $88,796 29.10% 14.55% 3.56% 16.18% over $48,535 up to $87,916 29.10% 14.55% 3.56% 16.18%
over $88,796 up to $98,040 32.70% 16.35% 8.53% 20.32% over $87,916 up to $97,069 32.70% 16.35% 8.53% 20.32%
over $98,040 up to $144,362 38.20% 19.10% 16.12% 26.65% over $97,069 up to $142,932 38.20% 19.10% 16.12% 26.65%
over $144,362 up to $151,978 40.05% 20.03% 18.67% 28.77% over $142,932 up to $150,473 40.05% 20.03% 18.67% 28.77%
over $151,978 up to $216,511(1) 43.37% 21.69% 23.25% 32.59% over $150,473 up to $214,368(1) 43.27% 21.64% 23.11% 32.47%
over $216,511 47.05% 23.53% 28.33% 36.82% over $214,368 47.05% 23.53% 28.33% 36.82%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%.
For more information see Northwest Territories dividend tax credits.
Northwest Territories Basic Personal Amount
2021 Personal Amount 2021 Tax Rate 2020 Personal Amount 2020 Tax Rate
$15,243 5.90% $15,093 5.90%
Federal Basic Personal Amount
2021 Personal Amount (1) 2021 Tax Rate 2020 Personal Amount (1) 2020 Tax Rate
$13,808 15% $13,229 15%

(1) See the federal tax rates page for information on the federal personal amount increase.

The marginal tax rates above have been adjusted to reflect these changes.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 07, 2021

 

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