Northwest Territories – Territorial corporation tax
The lower rate of Northwest Territories income tax is 4%. This lower rate applies to taxable income earned in the Northwest Territories that qualifies for the federal small business deduction.
The higher rate of the Northwest Territories income tax is 11.5%. This rate applies to taxable income earned in the Northwest Territories that does not qualify for the small business deduction.
For more information, see Dual tax rates.
Reporting the tax
You can use Schedule 461, Northwest Territories Corporation Tax Calculation, to help you calculate the Northwest Territories tax before the credits are applied. You do not have to file it with your return. See the schedule for more details.
On line 250 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of tax calculated.
Claiming the credits
The Northwest Territories offer different tax credits. Details of each credit can be found in the following pages and their associated schedules:
Forms and publications
- Schedule 461, Northwest Territories Corporation Tax Calculation
- Schedule 5, Tax Calculation Supplementary – Corporations
- Northwest Territories (territorial site)
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