Dividend tax in Northwest Territories.
Combined federal and provincial marginal rates for 2026. Four kinds of investment income, four different rates — and one that is not taxed at all.
| Taxable income | Interest & foreign | Capital gains | Eligible dividends | Non-eligible |
|---|---|---|---|---|
| First $53,003 | 19.90% | 9.95% | -9.14% | 5.60% |
| $53,003 up to $58,523 | 22.60% | 11.30% | -5.41% | 8.71% |
| $58,523 up to $106,009 | 29.10% | 14.55% | 3.56% | 16.18% |
| $106,009 up to $117,045 | 32.70% | 16.35% | 8.53% | 20.32% |
| $117,045 up to $172,346 | 38.20% | 19.10% | 16.12% | 26.65% |
| $172,346 up to $181,440 | 40.05% | 20.03% | 18.67% | 28.77% |
| $181,440 up to $258,482 | 43.34% | 21.67% | 23.21% | 32.55% |
| $258,482 and above | 47.05% | 23.53% | 28.33% | 36.82% |
2026 combined federal and Northwest Territories rates. Dividend rates are a percentage of the dividend actually received, and capital gains rates of the full gain — the gross-up, credit and 50% inclusion are already inside them.
Reading the table
The first bracket is negative. At -9.14%, eligible dividends in Northwest Territories do not just go untaxed at low incomes — the dividend tax credit exceeds the tax owing, and reduces what you pay on other income. That is real, and it is why retirees with modest incomes lean on Canadian dividends.
Return of capital is not in the table, because it is not taxed on receipt at any income in any province. It lowers your adjusted cost base instead, and returns as a capital gain when you sell — taxed at the capital gains column, years later. How that works.
Interest and foreign income share a column because both are fully taxable with no credit. Foreign tax already withheld at source is recoverable as a credit — but only outside a TFSA or RRSP, where there is no Canadian tax to credit it against.
Least taxed in Northwest Territories
Every fund covered here, by what a dollar of its distribution actually costs someone in Northwest Territories on $90,000 of income. The spread is wide: HYLD at 0.0% against RMAX at 11.7%.
| Symbol | Sector | Tax on each $1 | Return of capital | Yield |
|---|---|---|---|---|
| HYLD | US Multi-Sector | 0.0% | 100% | 11.59% |
| LMAX | Healthcare | 0.5% | 92% | 12.35% |
| HMAX | Financials | 0.6% | 83% | 10.96% |
| AMAX | Gold | 1.2% | 90% | 10.58% |
| SMAX | US Equity | 1.7% | 83% | 9.82% |
| UMAX | Utilities | 1.8% | 73% | 14.10% |
| QMAX | Technology | 2.4% | 84% | 9.76% |
| EMAX | Energy | 3.2% | 71% | 10.26% |
| HDIV | Canadian Multi-Sector | 3.6% | 75% | 9.30% |
| RMAX | REITs | 11.7% | 38% | 10.36% |
Non-registered only — inside a TFSA or RRSP none of this applies. Based on each fund's published 2025 character applied at $90,000 of income, prices as at 2026-08-04. Not tax advice.
Work it out on your own numbers.
Set your income and the amount invested, and see what any of these would actually cost you in tax.