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
| 2023 | 2024 | Rate |
|---|---|---|
| Less than $50,877 | Less than $53,268 | 4% |
| Over $50,877 to $101,754 | Over $53,268 to $106,537 | 7% |
| Over $101,754 to $165,429 | Over $106,537 to $173,205 | 9% |
| More than $165,429 | More than $173,205 | 11.5% |
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.