2022 Nunavut Income Tax Calculator

Nunavut’s most popular tax credits and deductions include:

• NU child benefit (NUCB)
• NU cost of living tax credit
• NU cost of living supplement for single parents
• NU education and textbook tax credits
• NU basic personal amount ($16,862)

Learn more about Nunavut's tax deductions and credits

Anytime you invest your money into something that increases in value, such as stocks, mutual funds, exchange-traded funds (ETFs), or real estate, that increase is considered a capital gain.

Your capital gains will only be realized and taxable when you cash in your investment. Only 50% of your realized capital gains are taxed at a marginal rate based on your province of residence.

In Nunavut, your capital gains are taxed according to the combined marginal capital gains tax rates below:

Learn more about the capital gains tax

The tax rates in Nunavut range from 4% to 11.5% of income and the combined federal and provincial tax rate is between 19% and 44.5%.

Nunavut’s marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.

Learn more about the marginal tax rate in Nunavut

The Nunavut Carbon Rebate is in place to cover half of the federal carbon tax amount and reduce the amount Nunavut residents pay for fuel.

However, there isn’t a carbon tax rebate payment for Nunavut residents when they file their taxes.

Learn more about the Nunavut Carbon Rebate

The amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and Nunavut tax brackets.

Federal income tax rates in 2022 range from 15% to 33%. Nunavut income tax rates in 2022 range from 4% to 11.5%.

The amount of income tax that was deducted from your paycheque appears in Box 22 of your T4 slip.

Learn more about income tax withholding

The deadline to file your 2022 income tax return in 2023 is midnight on May 1st, since April 30th falls on a Sunday. If you’re self-employed your tax return is due on June 15, 2023.

Learn more about tax deadlines

It can take 2 to 3 weeks to receive a refund when you transmit your return via NETFILE. For mailed returns, refunds are mailed out in 4 to 6 weeks following receipt of the return by the CRA or the Revenu Quebec.

Learn more about tax refunds

If you have to pay income taxes to the CRA, you can do so online through the CRA’s My Payment online portal. Pay by setting up a pre-authorized debit agreement using CRA My Account or through a third-party service provider with credit card, e-transfer, or PayPal.

Learn more about paying your taxes online

If you’re a resident of Canada for any part of the year and are earning income, whether that’s employment, self-employment, investment or other income, you're subject to Canadian income tax. There are no exemptions for age or occupation.

Learn more about who’s required to file an income tax return

The CRA requires that you retain your records for a minimum of 6 years, by law.

You can ask to amend your tax return for up to the previous 10 years, so it’s a good idea to maintain your records for that long.

Learn more about maintaining your income tax records