Nunavut budget 2024-25 tabled

29 February 2024|Tax Alerts, Legislation & Policy, Provincial/State & Local Taxation|Canada

The Nunavut budget for 2024/2025 has been tabled.
The budget contains no new taxes and no income tax increases.
This Alert summarizes the key tax measures.

On 26 February 2024, Nunavut Finance Minister Lorne Kusugak tabled the territory's fiscal 2024-25 budget. The budget contains no new taxes and no income tax increases.

The minister anticipates an operating deficit of CA$14.6m for 2023-24 and projects an operating deficit of CA$21.0m for 2024-25.

A brief summary of the key tax measures follow…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.