Northwest Territories

Lower rate

The lower rate of Northwest Territories income tax is 4%.

The income eligible for the lower rate is determined using the federal business limit.

Higher rate

The higher rate of income tax is:

• 12% before January 1, 2004; and
• 14% effective January 1, 2004.

This rate applies to all income not eligible for the lower rate.

For more information, see Dual tax rates.

Reporting the tax

On line 250 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of tax calculated.

Claiming the credits

The Northwest Territories offer different tax credits. Details of each credit can be found in the following pages and their associated schedules:

• Political contribution tax credit
• Foreign tax credit
• Investment tax credit

Forms and publications

• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• Northwest Territories (territorial site)