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2013-2014 Northwest Territories budget highlights


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Canadian tax alert, February 7, 2013

On February 7, 2013, Northwest Territories Finance Minister J. Michael Miltenberger tabled the territory’s 2013-2014 budget. Highlights of the budget are as follows:

  • Revised estimates project an operating surplus of $99 million for 2012-2013 and an operating surplus of $113 million for 2013-2014
  • The territory’s economy is forecast to grow by only 0.2% in 2013-2014
  • No new taxes or tax rate changes are introduced
  • Effective April 1, 2013, property tax mill rates and a number of fees were adjusted for inflation
  • The territory’s significant infrastructure needs continue to be a priority for the government and infrastructure and housing investments for 2013-2014 are budgeted to be $139 million
  • The government plans to invest $22 million in priority initiatives, including prevention and well-being, sustainable economic development and energy conservation and diversification

 

 

This publication is produced by Deloitte LLP as an information service to clients and friends of the firm, and is not intended to substitute for competent professional advice. No action should be initiated without consulting your professional advisors. Your use of this document is at your own risk.