On 23 February 2021, Nunavut Finance Minister George Hickes tabled the territory’s fiscal 2021–22 budget. The budget contains no new taxes and no tax increases.
The Minister anticipates an operating deficit of CA$21.4 million1 for 2020–21 and projects an operating deficit of $14.3 million for 2021–22.
The following is a brief summary of the key tax measures.
Business tax measures
Corporate tax rates
No changes are proposed to the corporate tax rates or the $500,000 small-business limit.
Nunavut’…