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ARCHIVED - 5012-PC Information for Residents of the Northwest Territories

All the information you need to calculate your Northwest Territories tax and credits is included on the following pages. You will find two copies of Form NT428, Northwest Territories Tax and Credits, in this book. Attach a completed copy of Form NT428 to your return.

What's new for 2001?

The way you calculate your Northwest Territories tax has changed. It is no longer a percentage of federal income tax. Northwest Territories tax will now be calculated by applying territorial tax rates to taxable income (line 260 of your return). Northwest Territories non-refundable tax credits are then deducted from this amount.

Form NT428, Northwest Territories Tax and Credits, reflects these changes.

Northwest Territories Child Benefit

The Northwest Territories Child Benefit (NWTCB) is a tax-free monthly payment made to qualifying families with children under age 18. The Territorial Workers' Supplement, part of the NWTCB, is an additional benefit paid to qualifying families with working income who have children under age 18. Benefits are combined with the Canada Child Tax Benefit (CCTB) into a single monthly payment.

Under the NWTCB, you may be entitled to receive a basic benefit of $27.50 per month for each child. Families who have earned income of more than $3,750 may also get the Territorial Worker's Supplement of up to $22.91 per month for one child, and up to $29.16 per month for two or more children. Families with net income above $20,921 may receive part of the benefit.

There is no need to apply separately to receive payments under these programs. We will use the information from the CCTB application to determine your eligibility for the program. You (and your spouse or common-law partner) should file your 2001 tax return(s) as soon as possible. The information you (and your spouse or common-law partner) give on your return(s) will determine how much you will receive starting in July 2002.

This program is fully funded by the Northwest Territories. For more information, call 1-800-387-1193.

If you have questions...

If you have questions about the NWT Cost of living, Political contribution, or Risk capital investment tax credits (shown in Step 4, on the back of Form NT428), contact:

Treasury Division
Department of Finance
Government of the Northwest Territories
Box 1320
Yellowknife NT X1A 2L9

Telephone: (867) 920-3470 or
1-800-661-0820.

If you have questions about federal and Northwest Territories personal income tax, and all tax credits other than the three NWT tax credits listed above, contact the:

Yellowknife Tax Services Office
Canada Customs and Revenue Agency
5020 - 48th Street, Suite 202
P.O. Box 220
Yellowknife NT X1A 2N2

Call 1-800-959-8281.

To request forms call 1-800-959-2221.

You will find other telephone numbers listed in the federal government section of your telephone book and on the Canada Customs and Revenue Agency's Web site at: www.ccra.gc.ca/tso/.

Date modified:

2002-07-25