Northwest Territories 2023 & 2022 Tax Rates & Tax Brackets

The Federal and Northwest Territories tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase).

Northwest Territories uses the Federal indexation factor to increase their tax brackets and personal tax credit amounts.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The indexation factors, tax brackets and tax rates for 2023 have 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 or the Detailed Tax Calculators.

TaxTips.ca - Northwest Territories Tax Rates
2023 Taxable Income	2023 Tax Rates	2022 Taxable Income	2022 Tax Rates
first $48,326	5.90%	first $45,462	5.90%
over $48,326 up to $96,655	8.60%	over $45,462 up to $90,927	8.60%
over $96,655 up to $157,139	12.20%	over $90,927 up to $147,826	12.20%
over $157,139	14.05%	over $147,826	14.05%

TaxTips.ca - Combined Federal & Northwest Territories Tax Brackets and Tax Rates
2023 Taxable Income (1)	NT 2023 Marginal Tax Rates				2022 Taxable Income (1)	NT 2022 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $48,326	20.90%	10.45%	-7.76%	6.75%	first $45,462	20.90%	10.45%	-7.76%	6.75%
over $48,326 up to $53,359	23.60%	11.80%	-4.03%	9.86%	over $45,462 up to $50,197	23.60%	11.80%	-4.03%	9.86%
over $53,359 up to $96,655	29.10%	14.55%	3.56%	16.18%	over $50,197 up to $90,927	29.10%	14.55%	3.56%	16.18%
over $96,655 up to $106,717	32.70%	16.35%	8.53%	20.32%	over $90,927 up to $100,392	32.70%	16.35%	8.53%	20.32%
over $106,717 up to $157,139	38.20%	19.10%	16.12%	26.65%	over $100,392 up to $147,826	38.20%	19.10%	16.12%	26.65%
over $157,139 up to $165,430	40.05%	20.03%	18.67%	28.77%	over $147,826 up to $155,625	40.05%	20.03%	18.67%	28.77%
over $165,430 up to $235,675	43.37%	21.69%	23.25%	32.59%	over $155,625 up to $221,708	43.43%	21.72%	23.33%	32.66%
over $235,675	47.05%	23.53%	28.33%	36.82%	over $221,708	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. Copyright © 2002 Boat Harbour Investments Ltd.
TaxTips.ca Northwest Territories Basic Personal Amount
2023 Personal Amount	2023 Tax Rate				2022 Personal Amount	2022 Tax Rate
$16,593	5.90%				$15,609	5.90%
Federal Basic Personal Amount
2023 Personal Amount (1)	2023 Tax Rate				2022 Personal Amount (1)	2022 Tax Rate
$15,000	15%				$14,398	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.

Revised: September 20, 2024