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The Federal and Northwest Territories tax brackets and personal tax
credit amounts are increased
for 2023 by an indexation factor of 1.063 (6.3% increase).
Northwest Territories uses the
Federal indexation factor to increase their tax brackets and personal tax
credit amounts.
TaxTips.ca
Northwest Territories Basic Personal
Amount
2023
Personal Amount
2023
Tax
Rate
2022
Personal Amount
2022
Tax
Rate
$16,593
5.90%
$15,609
5.90%
Federal Basic Personal
Amount
2023
Personal Amount (1)
2023
Tax
Rate
2022
Personal Amount (1)
2022
Tax
Rate
$15,000
15%
$14,398
15%
(1) See the federal
tax rates page for information on the enhanced federal
personal amount, which increases the marginal tax rates for taxable incomes in
the second highest federal tax bracket. The
marginal tax rates in blue above have been adjusted to reflect these changes.
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