As with most of Canada, Nunavut uses a progressive tax structure and has 4 different tax brackets. Nunavut applies the lowest tax rates in the country, and the brackets increase each year based on inflation. Visit Nunavut’s personal income tax page for the latest on the area’s tax rates.
There’s an allowable amount of income that you can earn before you must start paying taxes. This is called the “Basic Personal Amount” or “BPA”. For the 2024 tax year, the federal BPA amount is $15,705 and Nunavut’s amount is $18,767.
Nunavut has a tax system similar to other areas in Canada. Many of the territorial taxes and credits for residents of Nunavut complement similar credits at the federal level, but there are some unique credits for residents of Nunavut.
