News and Insights

Northwest Territories Budget 2012

Tax Development May 25, 2012

On May 24, 2012, Minister of Finance J. Michael Miltenberger delivered the Northwest Territories (“NWT”) budget focusing on restoring fiscal balance and sustainability.  

No new taxes were announced; however, following a commitment expressed by the NWT a few years back (i.e., in the 2010-2011 budget), certain taxes and fees have been increased to adjust for inflation.  Property tax mill rates and liquor mark-ups were impacted by this commitment as they have been increased along with a number of other fees, effective April 1, 2012.  

Further details on the Northwest Territories Budget 2012-2013 are available from the Northwest Territories Finance website at: Northwest Territories Budget 2012.