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Northwest Territories Income Tax Calculator 2023 - 2025.

This Page Was Last Updated: March 18, 2025
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Northwest Territories
Estimate your 2023 - 2025 total income taxeswith only a few details about your income
Inputs
Tax Year
Employment Income
Self-Employment Income
Other Income
Capital Gains
RRSP Contributions
Additional Deductions
Eligible Dividends
Ineligible Dividends
Results
Total Income
$50,000
Deductions
$465
Total Tax
$9,748
Federal Tax
$4,425
Territorial Tax
$1,727
EI Premiums
$830
CPP Contribution
$2,767
CPP2 Contribution
$0
After Tax Income
$40,252
Average Tax Rate
19.50%
Marginal Tax Rate
20.90%

These calculations include the following tax credits: basic personal amount, Canada employment amount, CPP/QPP, CPP2/QPP2, QPIP, EI premiums, dividend tax credits, Canada workers benefit (CWB), and Ontario LIFT. You may be eligible for other tax credits based on your province and income.

Canada Federal and Northwest Territories Tax Brackets 2024
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
$55,867 or less 15%
$55,868 to $111,73320.5%
$111,734 to $173,20526%
$173,206 to $246,75229%
More than $246,753 33%
Northwest Territories tax bracketNorthwest Territories tax rates
Up to $50,597 5.9%
$50,598 to $101,1988.6%
$101,199 to $164,52512.2%
More than $164,526 14.05%
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Northwest Territories Income Tax Brackets

The territorial income thresholds, basic personal amounts, and tax reduction amounts in Northwest Territories are adjusted based on changes in the consumer price index (CPI). This is called the indexation factor, which was 4.7% for 2024. Northwest Territories income tax rates for the brackets will not change in 2024.

Northwest Territories Income Tax Bracket Changes 2024

20232024Rate
Less than $48,326Less than $50,5975.90%
Over $48,346 to $96,655Over $50,597 to $101,1988.60%
Over $96,655 to $157,139Over $101,198 to $164,52512.20%
More than $157,139More than $164,52514.05%

The Northwest Territories Basic Personal Amount in 2023 was $16,593. For 2024, the basic personal amount is increasing to $17,373. If you make less than $17,373, then you won’t have to pay any territorial income tax.

Northwest Territories Income Tax Credits

As a resident of Northwest Territories, you may be eligible for several income tax benefits and credits, such as:

  • Age amount
  • Disability amount
  • Child benefit
  • Political contributions tax credit

Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
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  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.