Executive summary

On 19 February 2020, Nunavut Finance Minister George Hickes tabled the territory’s fiscal 2020–21 budget. The budget contains no new taxes and no tax increases.

The Minister projects a deficit of CA$30.5 million¹ for 2020–21.

The following is a brief summary of the key tax measures.

Detailed discussion

Business tax measures

Corporate tax rates

No changes are proposed to the corpora…