February 5, 2021
Northwest Territories budget 2021–22 discussed
Northwest Territories Finance Minister Caroline Wawzonek tabled the territory's fiscal 2021-22 budget on February 4. The budget contains no new taxes and no income tax increases. The minister anticipates an operating deficit of $31 million for 2020-21 and projects operating surpluses of $69 million for 2021-22, $84 million for 2022-23 and declining surpluses for each of the next two years.
A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.
Full text of Tax Alert