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Canada | Northwest Territories budget 2025-26

11 February 2025

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Tax Alerts, Provincial/State & Local...

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Canada

The Northwest Territories budget for 2025/2026 has been tabled.The budget contains no new taxes and no income tax increases.This Alert summarizes the key tax measures. On 6 February 2025, Northwest Territories Finance Minister Caroline Wawzonek tabled the territory's fiscal 2025-26 budget. The budget contains no new taxes and no income tax increases.The minister anticipates an operating surplus of CA$69m for 2024-25 and projects an operating surplus of CA$170m for 2025-26, as well as operating surpluses for each of the next three years.Following is a brief summary of the key tax measures.Corporate income tax ratesNo changes are proposed to the corporate income...