Ads
keep this website free for you. TaxTips.ca does
not research or endorse any product or service appearing in
ads on this site.
Before making a major financial decision you
should consult a qualified professional.
Northwest Territories 2016 & 2017 Personal 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.
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.
Facebook
| Twitter
| See What’s New, stay
connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a
substitute for professional advice. Each person's situation differs, and
a professional advisor can assist you in using the information on this web
site to your best advantage.
Please see our legal
disclaimer regarding the use of information on our site, and our Privacy
Policy regarding information that may be collected from visitors to our
site.