Northwest Territories - Territorial corporation tax

What's new for corporations

Lower rate

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.

Higher rate

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

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:

• Political contribution tax credit
• Foreign tax credit
• Investment tax credit

Forms and publications

• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• Northwest Territories (territorial site)