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Protected B when completed 

Northwest Territories Tax

T3NT


2023
 
 
 
Complete this form for a trust resident in the Northwest Territories or for a non-resident trust that carries on a business through a permanent establishment in the
Northwest Territories. Include a completed copy of this form with the trust's return.
 
Taxable income (line 43 of the return)    1
 

Step 1 – Northwest Territories tax on taxable income

 
Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT)
 
Enter the amount on line 1 to determine which one of the following columns you have to complete.
 


If the amount from line 1 is:
 

$48,326 or less
more than $48,326,
but not more than
$96,655
more than $96,655,
but not more than
$157,139

more
than $157,139
 
Enter the amount from line 1.    2
Base amount    3
Line 2 minus line 3   = = = =  4
Rate   x                 5.9% x                8.6% x               12.2% x               14.05%  5
Line 4 multiplied by line 5   = = = =  6
Tax on base amount   + + + +  7
Northwest Territories tax on taxable income    
(line 6 plus line 7)   = = = =  8
 
Trusts other than GRE and QDT
 
Northwest Territories tax on taxable income: (amount from line 1) x  14.05% =    9
 

Step 2 – Donations and gifts tax credit

Total donations and gifts
  Line 14 of Schedule 11A 14712  
  On the first $200 or less   x  5.9% =    10
  On the remainder   x  14.05% =   +  11
  Donations and gifts tax credit (line 10 plus line 11) 14714 = 12
 

Step 3 – Northwest Territories tax

Enter the amount from line 8 or line 9 above. 14701 13
Northwest Territories recovery tax (line 42 of Form T3QDT-WS) 14704 + 14
Subtotal (line 13 plus line 14)   =  15
 
Donations and gifts tax credit (line 12)    16
 
Dividend tax credit
  Line 24 of Schedule 8 x 41.7632% = 14718 + 17
  Line 31 of Schedule 8 x 46% = 14715 + 18
Minimum tax carryover
  Line 19 of Schedule 11 x 45% = 14716 + 19
Total credits (add lines 16 to 19)   =  ►  20
Subtotal (line 15 minus line 20. If negative, enter "0".)   =  21
 
Northwest Territories additional tax for minimum tax purposes (amount K from Chart 3 of Schedule 12) 14702 + 22
Subtotal (line 21 plus line 22) 14705 =  23
Northwest Territories foreign tax credit
(from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) 14710 24
 
Total Northwest Territories political contributions 14721  25
Allowable political contribution tax credit (see instructions on page 2) 14720 + 26
Total credits (line 24 plus line 26)   =  ►  27
 
Northwest Territories tax (line 23 minus line 27. If negative, enter "0".) 14740 =  28
Enter the amount of line 28 on line 45 of the return.
 
T3NT E(23) (Ce formulaire est disponible en français.) Page 1 of 2 Canada Logo

Protected B when completed 
 
  Line 26 – Allowable political contribution tax credit
 
  A trust can deduct, from its taxes payable to the Northwest Territories, all or part of the amounts it paid to a candidate seeking election to the Northwest
Territories Legislative Assembly.
  Attach an official receipt to the return as proof of payment, and use the applicable column to calculate the allowable credit.
 
  Total political contributions in the year:    A
  Enter amount A on line 25.
   
Contributions of
$100 or less
Contributions more
than $100, but not
more than $900

Contributions
over $900
 
  Amount A     1
  Contribution base     2
  Line 1 minus line 2   = =   3
  Credit rate   x                 100% x                  50%   4
  Line 3 multiplied by line 4   = =   5
  Credit base   + +   6
  Allowable credit (line 5 plus line 6).   = = 500.00 7
  Enter this amount on line 26.
 
 
If you have questions...
If you have any questions about Northwest Territories tax and credits, visit the Canada Revenue Agency (CRA) website at canada.ca/taxes,
or call the CRA at 1-866-426-1527.
 
See the privacy notice on your return.
 
T3NT E(23) Page 2 of 2