| Protected B when completed | ||||||||||||||||||||||||||
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Northwest Territories Tax |
T3NT2023 |
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| Complete this form for a trust resident in the Northwest Territories or for a non-resident trust that carries on a business through a permanent establishment in the Northwest Territories. Include a completed copy of this form with the trust's return. |
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| Taxable income (line 43 of the return) | 1 | |||||||||||||||||||||||||
Step 1 – Northwest Territories tax on taxable income |
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| Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT) | ||||||||||||||||||||||||||
| Enter the amount on line 1 to determine which one of the following columns you have to complete. | ||||||||||||||||||||||||||
If the amount from line 1 is: |
$48,326 or less |
more than $48,326, but not more than $96,655 |
more than $96,655, but not more than $157,139 |
more than $157,139 |
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| Enter the amount from line 1. | 2 | |||||||||||||||||||||||||
| Base amount | – | – | – | – | 3 | |||||||||||||||||||||
| Line 2 minus line 3 | = | = | = | = | 4 | |||||||||||||||||||||
| Rate | x | 5.9% | x | 8.6% | x | 12.2% | x | 14.05% | 5 | |||||||||||||||||
| Line 4 multiplied by line 5 | = | = | = | = | 6 | |||||||||||||||||||||
| Tax on base amount | + | + | + | + | 7 | |||||||||||||||||||||
| Northwest Territories tax on taxable income | ||||||||||||||||||||||||||
| (line 6 plus line 7) | = | = | = | = | 8 | |||||||||||||||||||||
| Trusts other than GRE and QDT | ||||||||||||||||||||||||||
| Northwest Territories tax on taxable income: | (amount from line 1) | x | 14.05% = | 9 | ||||||||||||||||||||||
Step 2 – Donations and gifts tax credit |
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| Total donations and gifts | ||||||||||||||||||||||||||
| Line 14 of Schedule 11A | 14712 | |||||||||||||||||||||||||
| On the first $200 or less | x | 5.9% = | 10 | |||||||||||||||||||||||
| On the remainder | x | 14.05% = | + | 11 | ||||||||||||||||||||||
| Donations and gifts tax credit (line 10 plus line 11) | 14714 | = | •12 | |||||||||||||||||||||||
Step 3 – Northwest Territories tax |
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| Enter the amount from line 8 or line 9 above. | 14701 | •13 | ||||||||||||||||||||||||
| Northwest Territories recovery tax (line 42 of Form T3QDT-WS) | 14704 | + | •14 | |||||||||||||||||||||||
| Subtotal (line 13 plus line 14) | = | 15 | ||||||||||||||||||||||||
| Donations and gifts tax credit (line 12) | 16 | |||||||||||||||||||||||||
| Dividend tax credit | ||||||||||||||||||||||||||
| Line 24 of Schedule 8 | x 41.7632% = | 14718 | + | •17 | ||||||||||||||||||||||
| Line 31 of Schedule 8 | x 46% = | 14715 | + | •18 | ||||||||||||||||||||||
| Minimum tax carryover | ||||||||||||||||||||||||||
| Line 19 of Schedule 11 | x 45% = | 14716 | + | •19 | ||||||||||||||||||||||
| Total credits (add lines 16 to 19) | = | ► | – | 20 | ||||||||||||||||||||||
| Subtotal (line 15 minus line 20. If negative, enter "0".) | = | 21 | ||||||||||||||||||||||||
| Northwest Territories additional tax for minimum tax purposes (amount K from Chart 3 of Schedule 12) | 14702 | + | •22 | |||||||||||||||||||||||
| Subtotal (line 21 plus line 22) | 14705 | = | 23 | |||||||||||||||||||||||
| Northwest Territories foreign tax credit | ||||||||||||||||||||||||||
| (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) | 14710 | •24 | ||||||||||||||||||||||||
| Total Northwest Territories political contributions | 14721 | 25 | ||||||||||||||||||||||||
| Allowable political contribution tax credit (see instructions on page 2) | 14720 | + | •26 | |||||||||||||||||||||||
| Total credits (line 24 plus line 26) | = | ► | – | 27 | ||||||||||||||||||||||
| Northwest Territories tax (line 23 minus line 27. If negative, enter "0".) | 14740 | = | 28 | |||||||||||||||||||||||
| Enter the amount of line 28 on line 45 of the return. | ||||||||||||||||||||||||||
| T3NT E(23) | (This form is available in English.) | Page 1 of 2 |  |
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| Protected B when completed | ||||||||||||||||||||||||||
| Line 26 – Allowable political contribution tax credit | ||||||||||||||||||||||||||
| A trust can deduct, from its taxes payable to the Northwest Territories, all or part of the amounts it paid to a candidate seeking election to the Northwest Territories Legislative Assembly. |
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| Attach an official receipt to the return as proof of payment, and use the applicable column to calculate the allowable credit. | ||||||||||||||||||||||||||
| Total political contributions in the year: | A | |||||||||||||||||||||||||
| Enter amount A on line 25. | ||||||||||||||||||||||||||
Contributions of $100 or less |
Contributions more than $100, but not more than $900 |
Contributions over $900 |
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| Amount A | 1 | |||||||||||||||||||||||||
| Contribution base | – | – | 2 | |||||||||||||||||||||||
| Line 1 minus line 2 | = | = | 3 | |||||||||||||||||||||||
| Credit rate | x 100% | x 50% | 4 | |||||||||||||||||||||||
| Line 3 multiplied by line 4 | = | = | 5 | |||||||||||||||||||||||
| Credit base | + | + | 6 | |||||||||||||||||||||||
| Allowable credit (line 5 plus line 6). | = | = | 500.00 | 7 | ||||||||||||||||||||||
| Enter this amount on line 26. | ||||||||||||||||||||||||||
| If you have questions... | ||||||||||||||||||||||||||
| If you have any questions about Northwest Territories tax and credits, visit the Canada Revenue Agency (CRA) website at canada.ca/taxes, or call the CRA at 1-866-426-1527. |
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| See the privacy notice on your return. | ||||||||||||||||||||||||||
| T3NT E(23) | Page 2 of 2 | |||||||||||||||||||||||||