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Northwest Territories   ->   Tax Rates   ->   2016 & 2017 Marginal Tax Rates -> Northwest Territories 2016 & 2017 Income Tax Rates

Northwest Territories 2016 and 2017 Personal Marginal Income Tax Rates

The Federal and Northwest Territories tax brackets and personal amount are increased for 2017 by an indexation factor of 1.014.  Northwest Territories uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

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

Northwest Territories Personal Income Tax Brackets and Tax Rates

2017 Taxable Income 2017 Tax Rates 2016 Taxable Income 2016 Tax Rates
first $41,585 5.90% first $41,011 5.90%
over $41,585 up to $83,172 8.60% over $41,011 up to $82,024 8.60%
over $83,172 up to $135,219 12.20% over $82,024 up to $133,353 12.20%
over $135,219 14.05% over $133,353 14.05%

Combined Federal & Northwest Territories Tax Brackets and Tax Rates

2017 Taxable Income 2017 Marginal Tax Rates 2016 Taxable Income 2016 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $41,585 20.90% 10.45% -7.76% 5.12% first $41,011 20.90% 10.45% -7.76% 5.12%
over $41,585 up to $45,916 23.60% 11.80% -4.03% 8.28% over $41,011 up to $45,282 23.60% 11.80% -4.03% 8.28%
over $45,916 up to $83,172 29.10% 14.55% 3.56% 14.72% over $45,282 up to $82,024 29.10% 14.55% 3.56% 14.72%
over $83,172 up to $91,831 32.70% 16.35% 8.53% 18.93% over $82,024 up to $90,563 32.70% 16.35% 8.53% 18.93%
over $91,831 up to $135,219 38.20% 19.10% 16.12% 25.36% over $90,563 up to $133,353 38.20% 19.10% 16.12% 25.36%
over $135,219 up to $142,353 40.05% 20.03% 18.67% 27.53% over $133,353 up to $140,388 40.05% 20.03% 18.67% 27.53%
over $142,353 up to $202,800 43.05% 21.53% 22.81% 31.04% over $140,388 up to $200,000 43.05% 21.53% 22.81% 31.04%
over $202,800 47.05% 23.53% 28.33% 35.72% 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 2017.
For more information see Northwest Territories dividend tax credits.

Northwest Territories Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$14,278 5.90% $14,081 5.90%

Federal Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$11,635 15% $11,474 15%
 

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 26, 2023

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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