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ARCHIVED - Information for Residents of the Northwest Territories

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Table of contents

• What's new for 2004?
• Northwest Territories Child Benefit
• If you have questions…

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 Form NT479, Northwest Territories Credits , in this book. Complete the forms that apply to you, and attach a copy to your return.

What's new for 2004?

The income levels and most of the non-refundable tax credits used to calculate your territorial income tax have changed.

The rates used to calculate territorial income tax have changed for taxable income greater than $66,492.

The calculation of the non-refundable tax credit for medical expenses has changed.

Form NT428, Northwest Territories Tax , reflects these changes.

Northwest Territories Child Benefit

The Northwest Territories Child Benefit (NWTCB) is a non-taxable 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 get 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 Workers' 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 get part of the benefit.

There is no need to apply separately to get payments under these programs. We will use the information from your CCTB application to determine your eligibility for the program.

File your tax return - You (and your spouse or common-law partner) should file your 2004 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will get starting in July 2005.

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 Northwest Territories cost of living, political contribution, or risk capital investment tax credits (shown on Form NT479), contact:

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

Call 1-867-920-3470 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, visit the Canada Revenue Agency (CRA) Web site at www.cra.gc.ca or call the CRA at 1-800-959-8281.

To get forms, visit the CRA Web site at www.cra.gc.ca/forms or call 1-800-959-2221.

Date modified:

2006-01-04