Northwest Territories 2024 & 2023 Tax Rates & Tax Brackets

Northwest Territories Tax Rates
 2024 Taxable Income  2024 Tax Rates  2023 Taxable Income  2023 Tax Rates
first $50,597 5.90% first $48,326 5.90%
over $50,597 up to $101,198 8.60% over $48,326 up to $96,655 8.60%
over $101,198 up to $164,525 12.20% over $96,655 up to $157,139 12.20%
over $164,525 14.05% over $157,139 14.05%
Combined Federal & Northwest Territories Tax Brackets and Tax Rates
 2024 Taxable Income NT 2024 Marginal Tax Rates  2023 Taxable Income NT 2023 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $50,597 20.90% 10.45% -7.76% 6.75% first $48,326 20.90% 10.45% -7.76% 6.75%
over $50,597 up to $55,867 23.60% 11.80% -4.03% 9.86% over $48,326 up to $53,359 23.60% 11.80% -4.03% 9.86%
over $55,867 up to $101,198 29.10% 14.55% 3.56% 16.18% over $53,359 up to $96,655 29.10% 14.55% 3.56% 16.18%
over $101,198 up to $111,733 32.70% 16.35% 8.53% 20.32% over $96,655 up to $106,717 32.70% 16.35% 8.53% 20.32%
over $111,733 up to $164,525 38.20% 19.10% 16.12% 26.65% over $106,717 up to $157,139 38.20% 19.10% 16.12% 26.65%
over $164,525 up to $173,205 40.05% 20.03% 18.67% 28.77% over $157,139 up to $165,430 40.05% 20.03% 18.67% 28.77%
over $173,205 up to $246,752 43.37% 21.69% 23.25% 32.59% over $165,430 up to $235,675 43.37% 21.69% 23.25% 32.59%
over $246,752 47.05% 23.53% 28.33% 36.82% over $235,675 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%.
Northwest Territories Basic Personal Amount
2024 Personal Amount 2024 Tax Rate 2023 Personal Amount 2023 Tax Rate
$17,373 5.90% $16,593 5.90%
Federal Basic Personal Amount
2024 Personal Amount Minimum / Maximum 2024 Tax Rate 2023 Personal Amount Minimum / Maximum 2023 Tax Rate
$14,156 $15,705 15% $13,520 $15,000 15%