ARCHIVED - 5014-PC Information for Residents of Nunavut

All the information you need to calculate your Nunavut tax and credits is included on the following pages. You will find two copies of Form NU428, Nunavut Tax and Credits, in this book. Attach a completed copy of Form NU428 to your return.

What's new for 2001?

The way you calculate your Nunavut tax has changed. It is no longer a percentage of federal income tax. Nunavut tax will now be calculated by applying territorial tax rates to taxable income (line 260 of your return). Nunavut non-refundable tax credits are then deducted from this amount.

Form NU428, Nunavut Tax and Credits, reflects these changes.

Nunavut Child Benefit

The Nunavut Child Benefit (NUCB) is a tax-free monthly payment made to qualifying families with children under age 18. The Territorial Worker's Supplement, part of the NUCB program, is an additional benefit paid to qualifying families with working income who have children under age 18. Benefits are combined with the Canada Child Tax Benefit (CCTB) into a single monthly payment.

Under the NUCB, you may be entitled to receive a basic benefit of $27.50 per month for each child. Families who have earned income of more than $3,750 may also get the Territorial Worker's Supplement of up to $22.91 per month for one child, and up to $29.16 per month for two or more children. Families with net income above $20,921 may receive part of the benefit.

There is no need to apply separately to receive payments under these programs. We will use the information from the CCTB application to determine your eligibility for the program. You (and your spouse or common-law partner) should file your 2001 tax return(s) as soon as possible. The information you (and your spouse or common-law partner) give on your return(s) will determine how much you will receive starting in July 2002.

This program is fully funded by Nunavut. For more information, call 1-800-387-1193.

If you have questions...

If you have questions about the Nunavut Cost of living, Political contribution, or Risk capital investment tax credits (shown in Step 4, on the back of Form NU428), contact:

Fiscal Policy and Taxation Division
Finance and Administration Department
Government of Nunavut
P.O. Box 2260
Iqaluit NT X0A 0H0

Telephone (867) 975-5800
Fax (867) 975-5845

If you have questions about federal and Nunavut personal income tax, and all tax credits other than the three Nunavut tax credits listed above, contact:

Ottawa Tax Services Office
Canada Customs and Revenue Agency
333 Laurier Avenue West
Ottawa ON K1A 0L9

Call 1-800-959-8281
To request forms call 1-800-959-2221.

You will find other telephone numbers listed in the federal government section of your telephone book and on the Canada Customs and Revenue Agency's Web site at www.ccra.gc.ca/tso/ .