COST OF LIVING
Commitment 3.5.1 – In collaboration with our partners in Yukon and Nunavut, we will work with the Government of Canada to increase the federal Northern Resident’s Tax Deduction by at least 33 per cent, indexed to inflation.
The federal government fulfilled part of the Liberal Party’s election promise in the 2016-17 Budget by increasing the Northern Residents Tax Deduction by 33 per cent up to a maximum of $22 per day.
The federal government is undertaking a review of all federal tax expenditures, including the Northern Residents Tax Deduction, and the GNWT will continue to work with the federal government to support the fulfillment of the election promise to index the Northern Residents Deduction to inflation.
Related Mandate Commitments
- Commitment 3.5.5 – We will support community governments to access available federal funding through the Investing in Canada Plan to invest in community public infrastructure.
- Commitment 3.5.7 – We will participate in all Canadian Radio-television and Telecommunications Commission (CRTC) proceedings that effect the north to ensure competitive and affordable broadband and telecommunication services for NWT residents.
For more information about this initiative, please contact the Department of Finance.