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Northwest Territories 2015 and 2016 Personal Tax Rates

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Northwest Territories   ->   Tax Rates   ->   2015 & 2016 Tax Rates   -> Northwest Territories 2015 & 2016 Income Tax Rates

Northwest Territories 2015 and 2016 Personal Marginal Income Tax Rates

The Federal tax rates for 2016 are as per Bill C-2 tabled in December 2015.  The Northwest Territories tax brackets and personal tax credits were increased for 2016 by an indexation factor of 1.013.  Northwest Territories uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The 2016 marginal tax rate for non-eligible dividends reflects the rate that is in effect automatically due to the change in the gross-up rate for 2016.  The NT government would have to make legislative amendments in order for this to change.

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

Northwest Territories Personal Income Tax Brackets and Tax Rates

2016 Taxable Income 2016 Tax Rates 2015 Taxable Income 2015 Tax Rates
first $41,011 5.90% first $40,484 5.90%
over $41,011 up to $82,024 8.60% over $40,484 up to $80,971 8.60%
over $82,024 up to $133,353 12.20% over $80,971 up to $131,641 12.20%
over $133,353 14.05% over $131,641 14.05%

Combined Federal & Northwest Territories Tax Brackets and Tax Rates

2016 Taxable Income 2016 Marginal Tax Rates 2015 Taxable Income 2015 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $41,011 20.90% 10.45% -7.76% 5.12% first $40,484 20.90% 10.45% -7.76% 4.58%
over $41,011 up to $45,282 23.60% 11.80% -4.03% 8.28% over $40,484 up to $44,701 23.60% 11.80% -4.03% 7.77%
over $45,282 up to $82,024 29.10% 14.55% 3.56% 14.72% over $44,701 up to $80,971 30.60% 15.30% 5.63% 16.03%
over $82,024 up to $90,563 32.70% 16.35% 8.53% 18.93% over $80,971 up to $89,401 34.20% 17.10% 10.60% 20.28%
over $90,563 up to $133,353 38.20% 19.10% 16.12% 25.36% over $89,401 up to $131,641 38.20% 19.10% 16.12% 25.00%
over $133,353 up to $140,388 40.05% 20.03% 18.67% 27.53% over $131,641 up to $138,586 40.05% 20.03% 18.67% 27.18%
over $140,388 up to $200,000 43.05% 21.53% 22.81% 31.04% over $138,586 43.05% 21.53% 22.81% 30.72%
over $200,000 47.05% 23.53% 28.33% 35.72%  

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 17% for 2016, 18% for 2015.
For more information see Northwest Territories dividend tax credits.

Northwest Territories Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$14,081 5.90% $13,900 5.90%

Federal Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$11,474 15% $11,327 15%

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Revised: October 03, 2017

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