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Northwest Territories 2015 and 2014 Personal Tax Rates

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Territories -> Northwest Territories
Tax Rates
-> 2014 and 2015 Marginal Tax Rates -> Northwest Territories

Northwest Territories

The Northwest Territories tax brackets and personal tax credits were increased for 2015 by an indexation factor of 1.017.  Northwest Territories uses the Federal indexation factor.  The indexation factor, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Northwest Territories Personal Income Tax Brackets and Tax Rates

2015 Taxable Income 2015 Tax Rates 2014 Taxable Income 2014 Tax Rates
first $40,484 5.90% first $39,808 5.90%
over $40,484 up to $80,971 8.60% over $39,808 up to $79,618 8.60%
over $80,971 up to $131,641 12.20% over $79,618 up to $129,441 12.20%
over $131,641 14.05% over $129,441 14.05%

Combined Federal & Northwest Territories Tax Brackets and Tax Rates

2015 Taxable Income 2015 Marginal Tax Rates 2014 Taxable Income 2014 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $40,484 20.90% 10.45% -7.76% 4.58% first $39,808 20.90% 10.45% -7.76% 4.58%
over $40,484 up to $44,701 23.60% 11.80% -4.03% 7.77% over $39,808 up to $43,953 23.60% 11.80% -4.03% 7.77%
over $44,701 up to $80,971 30.60% 15.30% 5.63% 16.03% over $43,953 up to $79,618 30.60% 15.30% 5.63% 16.03%
over $80,971 up to $89,401 34.20% 17.10% 10.60% 20.28% over $79,618 up to $87,907 34.20% 17.10% 10.60% 20.28%
over $89,401 up to $131,641 38.20% 19.10% 16.12% 25.00% over $87,907 up to $129,441 38.20% 19.10% 16.12% 25.00%
over $131,641 up to $138,586 40.05% 20.03% 18.67% 27.18% over $129,441 up to $136,270 40.05% 20.03% 18.67% 27.18%
over $138,586 43.05% 21.53% 22.81% 30.72% over $136,270 43.05% 21.53% 22.81% 30.72%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up 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 18%.
For more information see Northwest Territories dividend tax credits.

Northwest Territories Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$13,900 5.90% $13,668 5.90%

Federal Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 15% $11,138 15%

 

Revised: September 20, 2017

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