Canada · 2024

Northwest Territories vs Prince Edward Island Income Tax 2024

At a $100K salary, Northwest Territories is about $5,651 cheaper in 2024.

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Top rate
14.05%
Brackets
4
Basic amount
$17,373
Territory brackets
5.9%
Bracket 1
$0to$50,597
8.6%
Bracket 2
$50,597to$101,198
12.2%
Bracket 3
$101,198to$164,525
14.05%
Bracket 4
$164,525and up
Top rate
18.75%
Brackets
5
Basic amount
$13,500
Province brackets
9.65%
Bracket 1
$0to$32,656
13.63%
Bracket 2
$32,656to$64,313
16.65%
Bracket 3
$64,313to$105,000
18%
Bracket 4
$105,000to$140,000
18.75%
Bracket 5
$140,000and up

At common incomes, what's the tax difference?

Federal + provincial income tax after the basic personal amount, 2024. Excludes CPP/EI.
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Income
Northwest Territories tax
Prince Edward Island tax
Difference
$50,000single filer
$6,01812.0% effective
$8,11716.2% effective
$2,099 lessin Northwest Territories
$100,000single filer
$19,91419.9% effective
$25,56525.6% effective
$5,651 lessin Northwest Territories
$200,000single filer
$58,97029.5% effective
$70,19135.1% effective
$11,221 lessin Northwest Territories

Federal income tax — same for both

5 brackets · 15–33% · applies on top of provincial rates
15%
to $55,867
20.5%
to $111,733
26%
to $173,205
29%
to $246,752
33%
$246,752+
NT
Northwest Territories
Full 2024 breakdown14.05%
PE
Prince Edward Island
Full 2024 breakdown18.75%