Credits & Deductions

Deductions From Pay for 2018: Northwest Territories

Have you ever wondered how much of your earnings are going to tax, and how much you are actually taking home? It’s important to know how much you take some so that you can properly keep a budget of your income and expenses.

Here is how much you would have taken home in 2018 if you lived in the NWT, broken down for salaries of $30,000, $100,000 and $250,000.

 

Gross Salary / Pension Income: $30,000

Tax Deducted (Federal + Provincial): $3,273

CPP Deducted: $1,312

EI Deducted: $498

Net Take Home Pay for 2018: $24,917

Monthly Pay: $2,076

Semi-Monthly Pay: $1,038

Bi-Weekly Pay: $958

 

 

Gross Salary / Pension Income: $100,000

Tax Deducted: $22,991

CPP Deducted: $2,594

EI Deducted: $858

Net Take Home Pay for 2018: $73,557

Monthly Pay: $6,130

Semi-Monthly Pay: $3,065

Bi-Weekly Pay: $2,829

                                                           

 

Gross Salary / Pension Income: $250,000

Tax Deducted (Federal + Provincial): $88,287

CPP Deducted: $2,594

EI Deducted: $858

Net Take Home Pay for 2018: $158,261

Monthly Pay: $13,188

Semi-Monthly Pay: $6,594

Bi-Weekly Pay: $6,087