Northwest Territories Payroll
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Turtle Creek provides free tax updates each year for Canadian federal and NWT withholding tax rates.
Northwest Territories uses a standard 'step' table for withholding calculations. The tax lookup tables and tax withholding formulas changed slightly in 2021. They are indexed for inflation and change every year.
Northwest Territories Provincial LCP
The LCP program has been restored, although most employees probably will not use it.
If some of your employees get a credit for the labour-sponsored funds tax credit (LCP), you must create a tax item for their LCP credit. To do that, follow these steps:
You'll also need to assign the LCP credit to the employee. Follow these steps:
If different employees take a different LCP credit amount, then each one will require a separate tax item, and a tax package that includes their credit.
HINT-- Use the Duplicate button in the Tax Item List window to duplicate the first LCP tax item, and change the amount. Then, create tax packages for each employee (use the Duplicate command) and select the matching LCP Tax Item for each employee.