taxnews.ey.comPrint

02 February 2017

Northwest Territories budget for 2017-18 discussed

Northwest Territories Finance Minister Robert C. McLeod tabled the territory's fiscal 2017-18 budget on February 1. The budget contains no new taxes but certain tax increases. The minister proposes operating expenditures of $1.66 billion and forecasts revenues of $1.86 billion. After adjusting for infrastructure contributions and supplementary reserve requirements, the budget projects an operating surplus of $167 million for 2017-18.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

———————————————
ATTACHMENT

Full text of Tax Alert 2017-0225

Document ID: 2017-0225

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement