Highest1-YearGIC Ratesmaple leaf
Select GIC Term:

Nunavut Income Tax Calculator 2023 & 2024.

This Page Was Last Updated: April 29, 2024
WOWA Trusted and Transparent
Estimate your 2022 & 2023 total income taxeswith only a few details about your income
Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains Before June 25
Capital Gains After June 24
RRSP Contributions
Additional Deductions
Eligible Dividends
Ineligible Dividends
Total Income
Adjusted Taxable Income

Total Tax
Federal Tax
Territorial Tax
EI Premiums
CPP Contribution
CPP2 Contribution

After Tax Income
Average Tax Rate
Marginal Tax Rate

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

Canada Federal and Nunavut 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%
Nunavut tax bracketNunavut tax rates
Up to $53,268 4%
$53,269 to $106,5377%
$106,538 to $173,2059%
More than $173,206 11.5%
Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Mortgage Term:

Nunavut Income Tax Brackets

Each year, the territorial income brackets and basic personal amounts in Nunavut are indexed based on the changes in the consumer price index (CPI). The indexation factor was 1.047 or 4.7% for 2024, meaning the amounts were increased by 4.7%. Nunavut’s income tax rates for the brackets will remain unchanged.

Nunavut Income Tax Bracket Changes 2024

Less than $50,877Less than $53,2684%
Over $50,877 to $101,754Over $53,268 to $106,5377%
Over $101,754 to $165,429Over $106,537 to $173,2059%
More than $165,429More than $173,20511.5%

The Nunavut Basic Personal Amount in 2023 was $17,925, which will increase to $18,767 in 2024. If you make less than $18,767, then you won’t have to pay any territorial income tax.

Nunavut Income Tax Credits

As a resident of Nunavut, you may be eligible for several income tax credits, such as:

  • Age amount
  • Disability amount
  • Cost of living tax credit
  • Political contributions tax credit

You can visit the Nunavut government website’s income tax page for more information about tax credits.