News and Insights

Nunavut Budget 2020

Tax Development Feb 20, 2020

On February 19, 2020, the Honourable George Hickes, Minister of Finance, presented Nunavut’s budget for 2020-21. 

This year’s budget focuses on developing infrastructure and growing the economy whilst preparing people for jobs and promoting individual and community self-reliance and well-being.

There are no new taxes or tax increases proposed in this year’s budget.

Nunavut expects a modest budget deficit as its population and economy continues to grow and reap rewards from its investments in various sectors, including tourism and resources.

Further information on the Nunavut budget for 2020-21 can be found on the territory’s website at: