Northwest Territories Credits NT479
T1 General - 2023

You can claim these refundable tax credits even if you do not have to pay any tax. If it is more than the taxes you have to pay, you may get a refund for the difference.

Complete the calculations that apply to you and attach a copy of this form to your return.

For more information about these credits, go to canada.ca/nt-tax-info.

           

Cost of living tax credit

Adjusted net income
Amount from line 23600 of your return  1 
Enter the total of amounts claimed on line 24400 and line 25000 of your return. -  2 
Line 1 minus line 2 (if negative, enter "0") =  3 
Amount claimed for foreign income on line 25600 of your return that is exempt under a tax treaty 62450 -  4 
Line 3 minus line 4 (if negative, enter "0") Adjusted net income =  5 
 

Basic credit for self
If your adjusted net income from line 5 is $66,000 or more, enter $942 on line 13.
If not, use the amount from line 5 complete the appropriate column below.
If line 5 is $12,000 or less If line 5 is more than $12,000, but not more than $48,000 If line 5 is more than $48,000, but not more than $66,000
 
Amount from line 5.  6 
- - -  7 
Line 6 minus line 7 (cannot be negative) = = =  8 
x x x  9 
Line 8 multiplied by the percentage from line 9. = = =  10 
+ + +  11 
Line 10 plus line 11. = = =  12 
Enter this amount on line 13.
                 
Enter the amount from line 12 or $942, whichever applies. Basic credit for self
(maximum $942) 		 62460  13 
           

Cost of living tax credit supplement

 (Claim?   Yes  No)
           
If you were under 18 years of age on December 31, 2023, enter "0" on line 20 and continue on line 21.

If you were 18 years of age or older, you may be eligible for the cost of living tax credit supplement.

If you had a spouse or common-law partner on December 31, 2023, only one of you can claim the cost of living tax credit supplement for your family. If your spouse or common-law partner claimed the supplement for your family, enter "0" on line 20 and continue on line 21.
                       
Basic supplement for self  14 
If you had a spouse or common-law partner on December 31, 2023, enter $350. If not, enter "0". 62470 +  15 
Line 14 plus line 15 =  16 
 
Enter the basic credit for self from line 13  17 
If you had a spouse or common-law partner on December 31, 2023, enter the basic credit for self from their Form NT479. If not, enter "0". 62480 +  18 
Line 17 plus line 18 = -  19 
 
Line 16 minus line 19
(if negative, enter "0")		 Cost of living tax credit 
supplement 		 62490 = +  20 
Line 13 plus line 20
Enter this amount on line 47900 of your return.		 Northwest Territories credit 
(maximum $942) 		 62510 =  21