26 February 2020

Northwest Territories budget 2020-21

Northwest Territories Finance Minister Caroline Wawzonek tabled the territory's fiscal 2020-21 budget on February 25. The budget contains no new taxes and no tax increases. The minister anticipates an operating budget deficit of $70 million for 2019-20 and projects an operating budget surplus of $203 million for 2020-21 and declining surpluses for each of the next three years.

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

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ATTACHMENT

Full text of this Tax Alert

Document ID: 2020-0435