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Territories   ->   Northwest Territories
Tax Rates   ->   Current Marginal Tax Rates -> Northwest Territories

Northwest Territories 2022 and 2021 Personal Marginal Income Tax Rates

The Federal and Northwest Territories tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).

Northwest Territories uses the Federal indexation factor.

The indexation factors, tax brackets and tax rates have not yet 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
2022 Taxable Income 2022 Tax Rates 2021 Taxable Income 2021 Tax Rates
first $45,462 5.90% first $44,396 5.90%
over $45,462 up to $90,927 8.60% over $44,396 up to $88,796 8.60%
over $90,927 up to $147,826 12.20% over $88,796 up to $144,362 12.20%
over $147,826 14.05% over $144,362 14.05%

 

Combined Federal & Northwest Territories Tax Brackets and Tax Rates
2022 Taxable Income NT 2022 Marginal Tax Rates 2021 Taxable Income NT 2021 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $45,462 20.90% 10.45% -7.76% 6.75% first $44,396 20.90% 10.45% -7.76% 6.75%
over $45,462 up to $50,197 23.60% 11.80% -4.03% 9.86% over $44,396 up to $49,020 23.60% 11.80% -4.03% 9.86%
over $50,197 up to $90,927 29.10% 14.55% 3.56% 16.18% over $49,020 up to $88,796 29.10% 14.55% 3.56% 16.18%
over $90,927 up to $100,392 32.70% 16.35% 8.53% 20.32% over $88,796 up to $98,040 32.70% 16.35% 8.53% 20.32%
over $100,392 up to $147,826 38.20% 19.10% 16.12% 26.65% over $98,040 up to $144,362 38.20% 19.10% 16.12% 26.65%
over $147,826 up to $155,625 40.05% 20.03% 18.67% 28.77% over $144,362 up to $151,978 40.05% 20.03% 18.67% 28.77%
over $155,625 up to $221,708 43.43% 21.72% 23.33% 32.66% over $151,978 up to $216,511 43.37% 21.69% 23.25% 32.59%
over $221,708 47.05% 23.53% 28.33% 36.82% over $216,511 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
2022 Personal Amount 2022 Tax Rate 2021 Personal Amount 2021 Tax Rate
$15,609 5.90% $15,243 5.90%
Federal Basic Personal Amount
2022 Personal Amount (1) 2022 Tax Rate 2021 Personal Amount (1) 2021 Tax Rate
$14,398 15% $13,808 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.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 23, 2021

 

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