Northwest Territories dividend tax, 2026

At the top bracket, Northwest Territories taxes eligible Canadian dividends at 28.33% against 47.05% on ordinary income — an advantage of 18.72 points for holding the same money as dividends rather than as interest or salary.

Top eligible dividend rate: 28.33%
Rank of 13: 1; 1 is the lowest rate
First bracket to: $53,003

Every bracket

Taxable income up to	Eligible dividends	Non-eligible	Capital gains	Ordinary income
$53,003	-9.14%	5.60%	9.95%	19.90%
$58,523	-5.41%	8.71%	11.30%	22.60%
$106,009	3.56%	16.18%	14.55%	29.10%
$117,045	8.53%	20.32%	16.35%	32.70%
$172,346	16.12%	26.65%	19.10%	38.20%
$181,440	18.67%	28.77%	20.03%	40.05%
$258,482	23.21%	32.55%	21.67%	43.34%
and above	28.33%	36.82%	23.53%	47.05%

Reading these figures

Dividend rates apply to the dividend actually received, not to the grossed-up amount — the 38% gross-up and the dividend tax credit are already inside them. Capital gains rates apply to the whole gain, not the taxable half. Applying either adjustment again double-counts it.

Nationally

Northwest Territories ranks 1 of 13 on the top eligible dividend rate, where 1 is lowest. The range runs from 28.33% (Northwest Territories) to 46.20% (Newfoundland and Labrador). Compare all 13.

The threshold above these

Marginal rate is not the whole cost. Above $95,323 of net income, Old Age Security is recovered at 15% — and net income counts the grossed-up dividend, so eligible dividends reach that threshold on roughly 28% less cash than other income does. How that works.

Transcribed 2026-08-06 from a published rate table (source); the underlying brackets and credit rates are set federally and by the province (official figures). Machine-readable: rates.json.