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09 February 2018

Northwest Territories budget 2018-19 discussed

Northwest Territories Finance Minister Robert C. McLeod tabled the territory's fiscal 2018-19 budget on February 8. The budget contains no new taxes and no tax increases, although detailed proposals will be developed during 2018-19 to implement a land transfer tax. The minister proposes operating expenditures of $1.71 billion and forecasts revenues of $1.75 billion. After adjusting for infrastructure contributions and supplementary reserve requirements, the budget projects an operating surplus of $23 million for 2018-19.

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

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ATTACHMENT

Full text of Tax Alert 2018-0296

Document ID: 2018-0296

 

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