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NunavutLower rateThe lower rate of Nunavut income tax is 4%. The income eligible for the lower rate is determined using the federal business limit. Higher rateThe higher rate of income tax is 12%.This rate applies to all income not eligible for the lower rate. For more information, see Dual tax rates. Reporting the taxOn line 260 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of tax calculated. Claiming the creditsNunavut offers different tax credits. Details of each credit can be found in the following pages and their associated schedules: Forms and publicationsGovernment partners
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