Living in Nunavut, Canada’s vast and beautiful territory, comes with a unique tax environment. This FAQ dives into the specifics of Nunavut’s tax system to empower you during tax season
The high cost of living in Nunavut is tough. Does the territory offer any tax relief for residents?
Recognizing the high cost of living, Nunavut offers the Cost of Living Tax Credit. This credit helps offset some of those expenses by reducing your territorial tax burden.
I’m starting a business in Nunavut. Are there any tax incentives available?
Absolutely! Nunavut actively encourages business development through tax credits like the First-Time Business Tax Credit. Explore the full list on the CRA website or consult a tax professional familiar with Nunavut’s specific programs.
I work remotely for a company outside Nunavut. Do I still pay Nunavut tax?
Generally, yes. As a Nunavut resident, you typically pay Nunavut territorial tax on all your income, regardless of the employer’s locatio
I’m thinking of moving to Nunavut. When do I become a resident for tax purposes?
For tax purposes, you’re considered a Nunavut resident after staying 183 days (or more) in a calendar year.
Can I claim travel expenses on my Nunavut tax return?
In most cases, no. Nunavut does not allow general travel expense deductions unless they’re specifically related to your employment and meet certain CRA criteria
