Data Source and Methodology
All calculations are strictly based on the official tax rates provided by the Government of Northwest Territories. For further details, visit their official website. All calculations rely on these authoritative data sources.
The Formula Explained
Tax Payable: Tax = Income × (Tax Rate / 100)
Glossary of Terms
- Income Amount: The total income subject to tax.
- Tax Rate (%): The applicable tax percentage according to the territorial legislation.
- Tax Payable: The total tax amount that needs to be paid based on income.
FAQ
What income is taxable in Northwest Territories?
All income earned within the Northwest Territories is subject to territorial tax.
How often are the tax rates updated?
Tax rates are typically reviewed annually but can be updated more frequently if necessary.
Can this calculator be used for business income?
Yes, this calculator can be used for both personal and business income calculations.
Formula (LaTeX) + variables + units
This section shows the formulas used by the calculator engine, plus variable definitions and units.
Formula (extracted LaTeX)
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Formula (extracted text)
Tax Payable: Tax = Income × (Tax Rate / 100)
Variables and units
- T = property tax (annual or monthly depending on input) (currency)
Sources (authoritative):
- official website — gov.nt.ca · Accessed 2026-01-19
https://www.gov.nt.ca/en/services/tax-rates
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-19
Last code update: 2026-01-19
0.1.0-draft · 2026-01-19
- Initial audit spec draft generated from HTML extraction (review required).
- Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
- Confirm sources are authoritative and relevant to the calculator methodology.