Bill 16: An Act to Amend the Income Tax Act

Sponsor

This bill has received Commissioner's Assent and is now law, but may not yet be in force.

All sorts of information on this bill is available on the Legislative Assembly's website

March 12, 2021 Passed Mr. Speaker, I move, seconded by the honourable Member for Nahendeh, that Bill 16, An Act to Amend the Income Tax Act, be read for the third time, and, Mr. Speaker, I request a recorded vote. Thank you, Mr. Speaker.
Nov. 2, 2020 Passed Madam Speaker, I move, seconded by the honourable Member from Hay River North, that Bill 16, An Act to Amend the Income Tax Act, be read for the second time. The bill reduces the small business tax rate from 4 percent to 2 percent effective January 1, 2020. It also makes retroactive amendments to harmonize the Northwest Territories tax regime with the federal system. Those amendments do two things: ensure that split income received by a senior is factored into the determination of their Territorial Age Credit; and allow more pension credit for veterans. Thank you, Madam Speaker.
Oct. 30, 2020 Passed Thank you, Mr. Speaker. I move, seconded by the honourable Member for Hay River North, that Bill 16, An Act to Amend the Income Tax Act, be read for the first time. Thank you, Mr. Speaker.

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